Charitable Remainder Annuity Trust (CRAT)
Donor Receives:
Fixed annual income to donor and/or other beneficiary(ies). Income amount defined in trust agreement (at least 5% of initial trust assets).
Tax Savings:
Income tax charitable deduction for the value of the gift that it is expected will be distributed to Trinity Episcopal Foundation at the termination of the trust. Value of trust assets at death generally deductible from estate for tax purposes. Capital gains tax bypassed at time of funding.
Other Advantages to the Donor:
Asset segmentation and preservation. Supplement income for the donor or others. May be created for a term of years in order to provide income for short-term needs. Professional management of funds by those of donor’s choosing.
Trinity Episcopal Foundation Receives:
A substantial gift when the trust terminates. Knowledge of the gift helps Trinity Episcopal Foundation in planning to meet future needs.
Charitable Remainder Unitrust (CRUT)
Donor Receives:
Variable annual income to donor and/or other beneficiary(ies). Rate of income defined in trust agreement (at least 5% of trust assets).
Tax Savings:
Income tax charitable deduction for a portion of the value of the assets placed in trust. Value of trust assets at death generally deductible from estate for tax purposes. Capital gains tax bypassed at time of funding.
Other Advantages to the Donor:
Asset segmentation and preservation. Supplement income of the donor and/or others. May be created for a term of years in order to provide income for short-term needs. Professional management of funds by those of donor's choosing.
Trinity Episcopal Foundation Receives:
A substantial gift when the trust terminates. Knowledge of the gift helps Trinity Episcopal Foundation in planning to meet future needs.