What is a Charitable Remainder Trust?
A Charitable Remainder Trust is an irrevocable trust that generates a potential income stream for you or your beneficiaries. The remainder of the donated assets would eventually go to one or more charitable organizations you select.
How does it work?
A Charitable Remainder Unitrust can be established by irrevocably transferring assets to PlannedGiving.us, which invests in the trust’s assets and pays you and/or your beneficiaries an annual variable income. At the end of the trust term, the remainder of the trust’s assets are distributed to the charitable organization of your choice. When you establish a CRUT, you are entitled to a current income tax deduction for a portion of the value of the gift transferred to the trust.
This May Appeal to You If…
You want to make a charitable gift and you:
- Want to receive an income for life, based on a percentage of the fair market value of the trust investments, revalued each year
- Have assets you are willing to give away
- Want to reduce your current income taxes with an income charitable deduction
- Would like your CRUT to be managed by PlannedGiving.us