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Charitable Remainder Trusts
Susan and Fred know what hard work is all about. And they have
the rewards as a result.
Susan: "I was one of the lucky ones. My dream was to
continue playing, to keep music as part of my life. And, when I
needed a little financial help to to buy a performance violin, the
Symphony was there for me. 
Fred: "We know how important help is when it is needed,
and we know how difficult it is for them to maintain their facilities,
keep their equipment up-to-date, and get volunteers trained and
organized."
Susan: "We benefited because they had been supported
by others before us - but now we can give back. And what a joy it
is to know that when we no longer need it, part of it is going to
someone who does. It's awesome - we are changing lives!"
Fred: "That's why Susan and I made the decision.
Not only will the trust provide income to us throughout our lifetimes,
but we have peace of mind knowing that the remainder will benefit
an organization that's doing really good work."
 There
are two different types of charitable remainder trusts.
A charitable remainder unitrust (see example)
is a popular way to achieve tax benefits as well as a fixed annual
percentage on the value of the assets in the trust. The assets are
revalued annually and, if the trust value changes, the payment to
the beneficiary(ies) changes.
A charitable remainder annuity trust is set up to pay a fixed rate
of return based on the initial valuation at the time the property
is placed in the trust. The trust assets are never revalued.
 Some
additional information
on charitable remainder trusts is also available. Charitable Remainder
Trusts provide a good degree of flexibility that is valuable in
charitable gift planning. For example, a variation
on remainder trusts can be an effective way to make gifts of real
estate. A graphic
example of a charitable remainder trust is available.
Susan and Fred are happy that they have made a difference; a difference
that will have a profound impact on the lives of others.
Now click here to meet Phil and Alicia.
Please note, individual
financial circumstances will vary. The information on this site
does not constitute legal or tax advice. Donor stories and photographs
are for purposes of illustration only. As with all tax and estate
planning, please consult your attorney or estate specialist. All
material is copyrighted and is for viewing purposes only. Use of
this site signifies your agreement with the terms
of use. The content in this Planned Giving section has been
developed for California Symphony by Future
Focus. Please report any problems to webmaster.
Revised: March 20, 2007 21:35.
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