You need to file Form 5227 for this entity.
See https://www.irs.gov/instructions/i5227#idm140541403832384
Also refer to the following.
https://www.thetaxadviser.com/issues/2014/mar/casestudy-mar2014.html
https://www.uscharitablegifttrust.org/us-legacy-income-trusts-calculator.php
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