Joyce and Burton had been married for forty-seven years. Not long before he died, Burton looked into a charitable remainder trust. Burton thought it might be a good idea to place some of their certificates of deposit that were maturing and a condominium they had been renting out that had belonged to Joyce's mother into a trust. He and Joyce met with their advisors and found out it was a wonderful idea.

Joyce: We met with our tax advisor and looked at the idea. When I saw the income we would have for the rest of both of our lives and compared to what we had been receiving, I was amazed! Plus there were tax benefits that helped us immediately. And now, I don't have to do a thing or worry about taking care of the condo- it's all taken care of.

The development officer explained how they could use our support and what it meant to them. It was something Burton and I did together, and I'm happy; really happy we did it when we could do it together!"

What have we done with support like that of Burton and Joyce? We've been able to fulfill our mission - public broadcasting's noncommercial, audience-driven mission. It guarantees that substance and value, not commercial considerations, govern our programming decisions.

A charitable remainder trust can provide tax benefits now and a lifetime income for the donor and a beneficiary if desired. There are two different types of charitable remainder trusts.

• A charitable remainder unitrust 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 valued annually and, if the trust value increases, the payment to the beneficiary(ies) increases.
• 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.

An example of a charitable remainder unitrust is available. Some additional information on charitable remainder trusts is also available.

Now click here to meet Susan and Fred and charitable lead trusts. Or return to the Planned Giving homepage.

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Please report any problems to section webmaster. Revised: March 10, 2006 17:35.