Charitable Remainder Trust

When you transfer assets to a charitable remainder trust, 100 percent of the proceeds can be reinvested to support your loved ones and our mission. By transferring assets to the trust, in return you will receive income for yourself and/or your chosen beneficiaries for life or a period of up to 20 years. The income amount may be greater than what the assets currently yield. Many donors choose a rate between 5 and 7 percent. At the end of the trust term, the remaining balance goes to us.

There are two basic types of charitable remainder trusts. See below to help determine which one fits your needs.

CHARITABLE REMAINDER ANNUITY TRUST 

A trust from which you receive fixed income for life or a term of years. Best for those older than 70 seeking to make a substantial gift and receive a higher income for a short period of time. Fund with cash or securities, typically $100,000 or more.

Benefits

• Fixed Income • Income tax deduction
• No up-front capital gains tax on transfer of assets • Significant gift to us in the future

 

 CHARITABLE REMAINDER UNITRUST

A trust from which you receive variable income (based on the trust’s value each year) for life or a term of years. Best for those older than 55 seeking to make a substantial gift. Funded with cash, securities or other assets, typically $100,000 or more.

Benefits

• Variable income • Income tax deduction
• No up-front capital gains tax on transfer of assets • Allows additional gifts
• Significant gift to us in the future

 

The information on this website is not intended as legal or tax advice. For legal or tax advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes apply to federal taxes only. State income/estate taxes or state law may impact your results