Charitable
Remainder Trusts
Fred
and Susan truly appreciated the quality
programming of public broadcasting.
Their trust gift represents the single
largest estate gift his station has
received. This generous contribution
will help ensure quality program offerings
for years to come. The funds will be
used to accommodate both their wishes.
Fred studied electrical
and mechanical engineering at a Midwest
university and was successful in the
corporate world. He retired as President
of a large machine works company.
"During a conversation
with two of his longtime friends, we
learned that he was particularly fond
of our science and nature programs,"
said a representative of their local
public radio station. "His friends
believed his work ethic and constant
efforts for perfection were no doubt
why he enjoyed science offerings. The
wonderful times he and his wife spent
at their summer home were reflected
in his love of nature programming."
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.
To meet Phil and
Alicia, click here.
Or return to the Planned Giving homepage.
