Charitable Trust

A Charitable Remainder Trust (CRT) allows you to donate cash, marketable securities or other assets to The Catholic Foundation, and in return you receive regularly scheduled payments for life or for a pre-determined number of years. At the end of the term, the organization that you designate receives the remaining assets. Conversely, a Charitable Lead Trust (CLT) provides fixed income payments to your selected charitable organization for a specified number of years. At the end of the term, the balance is transferred back to you or your heirs.

KEY BENEFITS CHARITABLE REMAINDER TRUST

  • Allows fixed income payments for life or a terms of years for you, or for you and a spouse
  • Reduce estate and gift taxes
  • Receive an immediate tax deduction based on the present value of the charity’s future interest

Consider a Charitable Remainder Trust if you:

  • Wish to leave a faith legacy, but need to retain a reliable source of income
  • Want to reduce estate and gift taxes

KEY BENEFITS CHARITABLE LEAD TRUST

  • Allows you to make an ongoing gift to charity, while retaining a future interest in the asset
  • Ability to pass assets on to heirs at a substantially discounted value
  • Receive a current-year tax deduction for the present value of the amount the charity will receive

Consider a Charitable Lead Trust if you:

  • Feel called to fill an immediate charitable need, but wish to retain assets for the future
  • Want to leave a legacy for your family, but they don’t need the income right away

If you are interested in learning more or starting your own Charitable Trust, please visit Open A Fund.

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