About Charitable Remainder Trusts
A Charitable Remainder Trust (CRT) is a planned giving tool that allows you to make a significant charitable impact while also providing financial benefits to you or your beneficiaries.
This type of trust is an irrevocable arrangement in which you transfer cash, stock, or property into a trust that is managed and invested by a trustee you choose. The trust pays income to you or designated beneficiaries for a set number of years or for your lifetime, after which the remaining investments are distributed to charity.
Types of Charitable Remainder Trusts
Charitable Remainder Annuity Trust (CRAT):
Fixed income stream based on a percentage of the initial trust’s value
Income stream does not change over time
Charitable Remainder Unitrust (CRUT):
Variable income stream based on a percentage of the trust’s value, revalued annually
If the trust’s value increase over time, the income stream will also increase
Benefits
- Reduce or eliminate capital gains taxes
- Retain an income stream for yourself or beneficiaries
- Create a lasting legacy that supports children we serve
How it works
- Transfer assets (such as cash, securities, or real estate) into a trust, which is managed by a trustee you choose.
- The trust pays income to designated beneficiaries (such as you, your spouse, or other individuals) for a set number of years or for their lifetime.
- At the end of the trust term, the remaining investments are distributed to one or more charitable organizations.
- Receive an income tax deduction for the present value of the charitable remainder interest in the trust.
- You may also be able to avoid or reduce capital gains taxes on appreciated assets that are transferred into the trust.
Learn more about Charitable Remainder Trusts
Consult with a qualified estate planning attorney and a financial advisor to determine if this option is right for you.
We’re here to help you meet your goals!
Our team would be happy to speak with you in confidence about your giving goals, with no obligation.
Name: Casey Schroder
Title :Director of Donor Relations & Gift Planning
Phone: 321-558-4034
Email: casey.schroder@chsfl.org
Already included us in your estate plan? Let us know, so we can understand how you want your gift to support children.
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