A charitable remainder trust, promises you a life income from assets you irrevocably put in trust now for the future needs of an organization supported by Saint Mary's Foundation.
Through a charitable remainder trust you can receive:
- An immediate federal income tax deduction.
- No capital gains tax when you give appreciated securities or property.
- You can save on estate taxes.
- You can actually increase your income.
You decide how much you'd like to put into the trust, the amount of income you'd like to receive from the donated assets and if you want the income you receive to remain constant each year or fluctuate based upon the market.
There are two basic charitable remainder trusts:
- The annuity trust pays you, year after year, the same dollar amount you choose at the start, regardless of fluctuations in trust investments.
- The unitrust pays you, each year, a fixed percentage of the fair market value of the trust assets, re-determined annually (allowing your income to possibly increase and keep up with inflation, or possibly decrease). After your lifetime, the trust income can, if you wish, continue for someone else's lifetime benefit (perhaps your spouse or another person) before the remaining principal is given to us.
Discuss a CRT with a member of our staff now. You can contact us by email at paul.laxalt@chw.edu, by fax at (775) 770-3545 or by telephone at (775) 770-3519.
The information on this site is not intended as legal advice. For legal advice, please consult an attorney.
