Charitable Remainder Trusts
Donors can increase the return on their investment while maintaining control over their assets by establishing a charitable remainder trust (CRT). There are two types of CRT, an annuity trust which pays a fixed amount each year (may be preferable for donors givining highly appreciated assets), and a unitrust which pays a fixed percentage of the trust's assets as re-valued each year (which may provide a hedge against inflation).
You receive an income tax deduction in the year you create the trust based on table eastblished by the US Treasury Department. Also the CRT pays no gain on the sale of the donated scurities. However, a portion of the income from the trust my be taxed as capital gains.
For more information or illustrations please contact Amy Hunt, Director of Advancement 419-381-1313x110.