Help us write the next chapter...Leave a Legacy!
Charitable Remainder Trusts
Goal: Secure payments for life while reducing market risks
Benefit: Potential increased income and tax benefits
Susan and Fred know what hard work is all about. And now they have some time to relax a bit.
Susan: "I was one of the lucky ones. Times were hard, but the library was there to help me get my education. I don't know how many hours I spent in the library. Did it make a difference? Only in every aspect of my life! I don't know where I'd be today without it."
Fred: "We know how important an education is, and we know how difficult it is for libraries to develop the funding they need. Facilities, staff, keeping up with technology - it's all literally urgent."
Susan: "We both benefited from our library - now we can give back. And what a joy it is to know that when we no longer need it, part of it is going to someone who does. It's awesome - we are changing lives!"
Fred: "That's why Susan and I made the decision. Not only will the trust provide income to us throughout our lifetimes, but we have peace of mind knowing that the remainder will benefit the community as a whole."
There are two different types of charitable remainder trusts.
A charitable remainder unitrust (see example) is a popular way to achieve tax benefits as well as a fixed annual percentage on the value of the assets in the trust. The assets are revalued annually and, if the trust value changes, the payment to the beneficiary(ies) changes.
A charitable remainder annuity trust is set up to pay a fixed rate of return based on the initial valuation at the time the property is placed in the trust. The trust assets are never revalued.
Additional information on charitable remainder trusts is available. Charitable remainder trusts provide a good degree of flexibility that is valuable in charitable gift planning, especially when dealing with appreciated assets.
Susan and Fred are happy that they have made a difference; a difference that will have a profound impact on the lives of others.
If you have already made a legacy gift, please let us know so we may send you an invitation to our Mary Louise Stong Society Legacy Circle. If you intend to make a planned gift or have any questions, please email (firstname.lastname@example.org.) or call our Chief Advancement Officer, Craig Palmer, at (415) 477-5220 so we may provide you with more information and answer your questions.