Charitable Remainder Trusts
By arranging a gift through a charitable remainder trust, you, your spouse or other loved ones, retain the right to receive regular, specified distributions from the trust for a certain number of years (or for a specified lifetime or lifetimes). At the end of the specified term, or at the death of specified individuals, the charity receives all of the trust’s assets. When the trust is created, the donor generally receives an income tax deduction for the present value of the future gift. In most cases the trust’s assets are not subject to estate tax at your death. In addition, charitable remainder trusts are usually exempt from Federal income tax throughout their existence.