Charitable Remainder Trust
With a charitable remainder trust (CRT), you can create a tax-savings opportunity that allows you to generate income for you or your loved ones while also giving to charity.
Benefits of a charitable remainder trust
- Source of annual income for you and/or your loved ones
- Tax-deferment opportunities for sale of assets transferred to the trust
- Potential tax deduction for trust assets donated to charity
How a charitable remainder trust works
You determine the property, cash, or other assets that will go into the trust and the beneficiaries who will receive what percentage of the income for how long, up to 20 years or the lives of the beneficiaries. At the end of that specified period, the remaining assets will be given to the charity/charities you indicated when you set up the trust.
How to Make a Gift from a Charitable Remainder Trust
- With the help of a trust advisor, you fund the trust and set up its parameters (who will receive funds and for how long, as well as the charity/charities that will receive the remainder).
- Contact us or the other charities you've chosen to let us/them know about your charitable remainder trust.
Contact us
If you have any questions about charitable remainder trusts, please contact us. We would be happy to assist you and answer any questions you might have.
Let us Know
If you have already included United Way of the Plains in a charitable remainder trust, please let us know. We would like to recognize you and your family for your generosity.
