Gifts That Pay You Income
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Charitable Remainder Trusts
This gift provides income for life for you and your family and reduces your taxes, while creating your legacy of doing His work for generations to come. A charitable remainder trust (CRT) is an irrevocable trust that generates a potential income stream for you, as the donor to the CRT, or other beneficiaries, with the remainder of the donated assets going to your favorite charity or charities.
There are 2 main types of CRTs:
Charitable Remainder Unitrust:
These trusts distribute a fixed percentage based on the balance of the trust assets (revalued annually), and additional contributions can be made.
Charitable Remainder Annuity Trust:
These trusts distribute a fixed annuity amount each year, and additional contributions are not allowed.
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This information is not intended as legal, accounting, or other professional advice. For assistance in planning your gift(s), please consult a lawyer and/or financial advisor for professional advice.