The Charitable Remainder Trust is a financial tool that makes payments, either a fixed amount (annuity trust) or a percentage of trust principal (unitrust), to whomever you choose to receive the income. You may claim a charitable income tax deduction and may not have to pay any capital gains tax if the gift is of appreciated property. At the end of the trust term, Cru would receive whatever amount is left in the trust (Charitable remainder unitrusts provide you some flexibility in the distribution of income, and can be helpful in retirement planning).
The benefits include:
- Income tax deduction. A percentage of your gift is tax-deductible. The deductible amount is determined by the ages of the beneficiaries, the type and value of the asset and rates established by the federal government. We calculate the tax-deductible amount for you.
- Avoid capital gains tax. If you use an appreciated asset like stock, property or business interest, you’ll avoid capital gains taxes but retain use of the asset for your lifetime.
- Maintain your retirement nest egg. The capital gains tax savings can be huge. In some cases you could receive
- Designate your gift. The remainder in the CRT can be used to support Cru projects or ministries, including the ministry of missionary staff.
- Flexibility. Unlock appreciated assets without incurring capital gains tax liability.
For a more complete introduction to the Charitable Remainder Trust, please contact our team at 800-449-5454 or firstname.lastname@example.org.