This article is bogus. The transfer is subject to either the gift tax or the estate tax.
I posted too quick:
Forgot to add, that the transfer is subject to the tax but the contribution to charity is an allowed deduction and is just another work around of the estate tax.
This is a time honored method of avoiding estate taxes that goes back to the original wealthy families when the income tax was added.
The charitable trusts essentially become employers and supporters of the children and the stock they hold controls the companies they have an interest in and those companies also provide support via jobs etc for the family.
It keeps the assets in the family even thought the control is indirect.