Charitable Remainder Trusts
Goal: Secure payments for life while reducing market risks
Benefit: Potential increased income and tax benefits
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. Times were hard, but there were people who reached out to help us.
Did it make a difference? Only in every aspect of my life! I don't know
where I'd be today without them."
Fred: "We know how important a helping hand is, and we know how
difficult it is to develop the funding they need. It seems like every day there are more and more pleple in need of help."
Susan: "We both benefited from organizations that were there when we needed them - 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 go to an organization doing great and necessary 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. A graphic
example of a charitable remainder trust is available. 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.
Additional information on charitable remainder trusts is available. Charitable remainder
trusts provide a good degree of flexibility that is valuable in charitable
gift planning, especially when dealing with appreciated assets.
Susan and Fred are happy that they have made a difference; a difference
that will have a profound impact on the lives of others.
Return to the Legacy Giving home page or to the Quick Guide to Legacy Gifts.
For more information or a confidential discussion of your charitable options, please email or call the Executive Director, Ron Buchinski, or the Donor Relation Manager, Susan Sutton, at (360) 733-5120.
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 Lighthouse Mission by Future Focus. Please report any problems to section webmaster.
