Charitable Remainder Trust

If you are considering a substantial gift to Doane, a charitable remainder trust (CRT) can provide you with a tax-saving alternative.  It can be a powerful tool for many individuals, especially those who have highly appreciated assets like stock or real estate.Gifts to a CRT can be made in cash, but often times consist of highly appreciated stock, real estate or a closely held business interest. In exchange for a charitable gift, the CRT pays income to the beneficiary for a fixed period or for life. At the end of the trust, the remaining assets pass to one or more of the charities you have selected.

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A CRT is an irrevocable trust. Once the trust is set up and a charitable gift is made, it cannot be undone. Your investment professional, attorney and tax adviser should all be included in discussions about whether a CRT is right for you.

There are two main types of trusts, a Charitable Remainder Uni-trust (CRUT) and a Charitable Annuity Trust (CRAT).  With a CRUT the beneficiary is paid a fixed percentage of the trust assets, where as a CRAT pays the beneficiary a fixed dollar amount.

Tax Advantages

When you first fund a trust, you immediately obtain the benefit of a sizable income tax charitable deduction.  This is equal to the value of the remainder interest ultimately payable to Doane, based on IRS tables of life expectancy factors.  The older the beneficiary, the greater the charitable deduction.

This deduction may be carried forward for up to five years.

There are tax advantages to each planned gift.  Individual circumstances and type of asset will dictate the most advantageous plan for you and or your spouse.

If you would like to receive more information, contact Dan Meyer at 402.826.8237,dan.meyer@doane


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