Charitable remainder trust: how it works
You make a gift
- Work with your attorney or charitable organization to establish a legal entity - a charitable remainder trust
- Make an irrevocable gift by transferring an asset to the trust (NOT to the church)
& potential tax benefits
You receive:
A) a fixed or variable income for life.
What's the difference?
B) a potential charitable tax deduction for a part of the original gift.*
C) potential favorable tax treatment of part of the annual income.*
* Dependent upon several factors. Please request your own personalized sample proposal with your own specific details and benefits to share with your tax/financial/legal advisor.
After your lifetime the remaining amount of the trust is distributed in a lump sum to your church. The church's use of these funds can be restricted or unrestricted.
Thank you for considering a charitable gift for your church.
Please consult with your financial and/or legal advisor.
Please consult with your financial and/or legal advisor.