A charitable remainder trust offers you many rewards including a new income, tax benefits and the ability to make a significant gift to community healthcare during you lifetime.
You can set up the trust using:
- Cash
- Stock
- Real Estate
You will receive tax benefits, such as:
- An income tax deduction
- Estate tax relief
- Avoiding capital gains tax by giving appreciated stock or property - such as an unwanted rental property or an unused vacation home
The income from the trust can be paid:
- For life
- A set number of years that you choose
- To you and any other person
- As a variable amount that may grow over time
- As a fixed amount determined at the time the trust is created
You may designate your gift to:
- Support your favorite program or service
- Endow a named department chair
- Provide for perpetual funding of a program