Charitable remainder trust: how it works
1
You make a gift
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)
2
You get a fixed income
& 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.
You get a fixed income
& 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.
3
Your Church receives the remainder
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.
Your Church receives the remainder
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.