What Is Jim Cramer's Charitable Trust?
Jim Cramer’s charitable trust is a portfolio of stock holdings whose proceeds from profits are given to charities. In 2005, Jim Cramer converted his Action Alerts Plus portfolio into a charitable trust, with the goal being to educate investors with real-time stock trades and information. In return for joining the charitable trust’s paid subscription and paying an annual or monthly fee, investors are given the opportunity learn how Jim Cramer analyzes the market through trades and market moves he makes.
The trust has distributed over $2.5 million dollars to charities as of 2015. It attracts investors of every skill level who obtain instant access to a portfolio of stocks and receive daily email alerts and notifications about what to buy and sell. Investors also receive access to the password-protected Action Alerts Plus website and to Jim Cramer’s "Daily Booyah!" newsletter.
Jim Cramer is a television personality who hosts the CNBC show “Mad Money.” He is a former hedge-fund manager, as well as a bestselling author, and is co-founder of the site TheStreet.com. He has worked as a stockbroker for Goldman Sachs’ Private Wealth Management division and as an editor at large for
"Smart Money" magazine. In 1996, Cramer co-founded the TheStreet Inc., of which he owns a 10-percent stake and is its second-largest shareholder.