Which of the following comparisons between charitable gift annuities and Charitable Remainder Trusts is INCORRECT?
1) A charitable gift annuity usually involves no costs charged directly to the donor for setup or administration, where a CRT may require both expenses
2) Charitable gift annuities can commonly be created even for transactions as small as five or ten thousand dollars, where a CRT is usually not practical unless much more money is involved
3) A charitable gift annuity is a simple (often one page) document, where a CRT often involves many pages and greater legal expense
4) A charitable gift annuity pays a fixed dollar amount to the donor, where a CRT is required to pay a percentage of all trust assets
5) A charitable gift annuity is issued by the charity itself, where a CRT is typically created by the donor