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Charitable Remainder Trust
Giving through a charitable remainder trust allows you to receive income (or direct income to people chosen by you) for your life or a period of years, knowing that whatever remains in the trust will benefit causes you care about.
You receive an immediate tax deduction for the present value of the gift in the year the gift is made. After death or the end of the specified payment period (up to 20 years), the remainder of the trust transfers to a Fund in your name at the Community Foundation of Broward to aid charitable organizations or causes you care about.
Highlights:
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Donors may choose to receive a fixed income (an annuity trust) or receive distributions that vary with the value of the trust (a unitrust).
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The income beneficiary can be the donor or someone else, including a sibling, dependent parent, friend or former employee.
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A charitable remainder trust is particularly useful for people who own real estate or securities that have increased in value but earn little income, since the assets—once placed in the trust—can be sold and reinvested free of capital gains tax.
Important Note
When interest rates are very low, Charitable Remainder Trusts may not be the appropriate giving option. Please consult with your attorney, financial advisor, accountant or with us at the Community Foundation of Broward for details regarding this and any charitable giving option.
First you give...
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$1,000,000 establishes your Trust
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Then you receive...
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5% Annually for 20 years. Total paid estimated to be $1,000,000.
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Then you give...
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Assuming 6% growth, the remainder, aproximately $1,367,000, supports a cause that matters to you...
For Good. For Ever.
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