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What are they?
Giving through a charitable remainder trust allows you (or someone you select) to receive income for the life, knowing that whatever remains will benefit your community. You do this by placing cash, property, or other assets into a trust that distributes to the “income beneficiary” an annual income for life or for the duration of the trust. You receive an immediate tax deduction for the present value of the gift in the year the gift is made. After death or the end of a specified trust term (up to 20 years), the remainder of the trust transfers to a fund you have named at the Foundation or to a specific charitable organization. Grants from the fund will be make in accordance with your interests.
Highlights:
- You may choose to receive a fixed income or receive distributions that vary with the value of the trust.
- The income beneficiary can be you or someone else, including a sibling, dependent parent, friend, or former employee.
- A charitable remainder trust is particularly useful for people who own securities or real estate that have increased in value but earn little income, since the assets—once placed in the trusts—can be sold and reinvested free of capital gains tax.
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For more information, click on the icon below to download a complete description of charitable remainder trusts. This is a PDF document that requires Adobe Acrobat Reader.
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Charitable Remainder Trusts
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To learn more about ways you can give later, contact Aviva Shiff Boedecker, director of gift planning, at 415.464.2516 or by email. Or, request a copy of “Giving Back, Looking Forward: How to Achieve Your Financial and Charitable Goals through the Marin Community Foundation.”
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The information on this site is not intended as legal, tax, or investment advice.
For such advice, please consult an attorney, tax professional, or investment
professional.
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