Charitable Remainder Unitrust
How It Works
- You transfer cash, securities, or other appreciated property into a trust. The required minimum for this type of gift is $100,000.
- The trust pays a percentage of the value of its principal, which is valued annually, to you or beneficiaries you name.
- You may use your real estate to fund a charitable remainder unitrust (CRUT), which may be structured to provide lifetime income for you and/or others, or income for a term of years.
- When the trust terminates, the remainder passes to the John F. Kennedy Center for the Performing Arts, the National Symphony Orchestra, or Washington National Opera in support of their overall mission.
Benefits
- Receive income for life or a term of years in return for your gift.
- Receive an immediate income tax deduction for a portion of your contribution.
- Pay no up-front capital gains tax on appreciated assets you give.
- You may be able to make additional gifts to the trust as your circumstances allow for additional income and tax benefits.
Next
- Frequently asked questions on Charitable Remainder Unitrusts.
- Related Gift: Charitable Remainder Annuity Trust.
- Contact us so we can assist you through every step.