Charitable Remainder Trusts
A Charitable Remainder Trust (CRT) allows you to realize tax advantages while making an ultimate gift to Christian ministries, yet receive income off of the gift as well.
A CRT is funded by a transfer of cash or appreciated assets such as stocks, bonds, mutual funds, or other appreciated property to an irrevocable trust, which then provides current payments to one or more individuals, followed by a distribution to a charitable beneficiary at the end of the trust period. The trust can be established so that payments will be received for life or for a set number of years.
The amount of your income payments will be a percentage of the value of the trust as of the beginning of each year, in the case of a Charitable Remainder Unitrust (CRUT), or a percentage of the initial value of the trust, in the case of a Charitable Remainder Annuity Trust (CRAT).
A federal tax deduction is allowed at the time that you create the CRT. The amount of the deduction depends on factors such as your age, the payment percentage you select, and the Applicable Federal Rate.
The PCA Foundation can discuss Charitable Remainder Trusts with you and prepare a presentation to show you how a CRT might work for you. We are also able to establish and serve as trustee of your Charitable Remainder Trust. The minimum amount required to establish a Charitable Trust with the PCA Foundation is $25,000.
Please call us if you would like to learn more about, discuss, or establish a Charitable Remainder Trust.
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