Charitable Remainder Trusts
How it Works
- The donor creates a charitable remainder trust and donates cash or appreciated property (such as stocks or land) to that trust.
- The appreciated assets are sold and invested for income. No capital gains tax is due at the time of the transfer of these assets to the trust.
- The donor or his beneficiary receives payments for life from the trust.The donor may be entitled to a current income tax deduction for the value of the donated assets (reduced by the value of the payments to the beneficiaries for their lives).
- The āremainderā of the trust passes to the charity, usually upon the death of the beneficiaries.
- There may be estate tax savings
CRTs can be funded with cash, appreciated securities, real estate, or other assets with a value of at least $100,000. For donors who wish to make contributions of cash or securities of lesser amounts and receive similar benefits, Shriners Hospitals for ChildrenĀ® offers Charitable Gift Annuities and a Pooled Income Fund.
Charitable Remainder Trust Gift Calculator
See how a Charitable Remainder Trust could work for you
For more information
For more information on supporting Shriners Hospitals for ChildrenĀ® through a planned gift, please contact the Planned and Major Gift office at (813) 367-2241 or by email at plannedgiving@shrinenet.org. Shriners Hospitals for ChildrenĀ® is a fully qualified 501(c)3 charitable organization under IRS regulations. Donations are tax-deductible to the fullest extent provided by law.