Unless your gonna seed the fund with over $5M it’s not going to be very stable in terms of ultimate survival over the long haul. Less than that and it’ll be a long time before it will produce significant beneits for your intended recipients. The admin costs for these things can get out of hand quickly and eat away at earnings. Selection of initial and follow-on trustors is of foremost importance.
With the right economy of scale and structure it can be successful, but the startup is critical. You need a very good trust attorney with experience doing that sort of thing.