Charitable Remainder Trust
If you wish to support public television in a larger way but still wish to retain an interest in your property for your benefit or the benefit of your family, a charitable remainder trust (“CRT”) may be a flexible option for you.
Here's how it commonly works:
- You make a gift of cash and/or appreciated stock; those funds are then placed in an irrevocable trust.
- The trust will then pay you and/or a person you choose regular payments for life or a period of years.
- You can select a payout rate that meets your needs and passes certain tax regulations.
- You may choose to receive fixed payments (annuity trust) or one that changes with market conditions (unitrust).
- Once the trust ends, the remaining assets in the trust will pass on to WSRE and perhaps other charities you decide to name.
- If you itemize deductions on your federal income tax return, you can claim an immediate charitable tax deduction for a portion of your gift.
- You will receive fixed payments for life, a portion of which are nontaxable for a period of time.
- Your estate may enjoy reduced probate costs and estate tax.
- You will have the satisfaction of knowing the impact of your gift will be multiplied when combined with the gifts of others who equally believe in the power of public television.
To learn more about creating a charitable remainder trust to support the future of WSRE, please contact Maryette Huntinghouse at 850-484-1200 or firstname.lastname@example.org. We would be honored to work with you and your advisors as you consider your plans.
Please consult with your professional advisor for advice on the full impact of your charitable gifts on your financial and/or legal circumstances.
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