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CHARITABLE REMAINDER TRUSTS

Charitable Remainder Trusts: Helping you today, and our community tomorrow Giving through a charitable remainder trust allows you (or someone you select) to receive income for life, knowing that whatever remains will benefit your community. You do this by placing cash, property, or other assets into a trust that distributes to the "income beneficiary" an annual income for life or for the duration of the trust. You receive an immediate tax deduction for the present value of the gift in the year the gift is made. After death or the end of a specified trust term (up to 20 years), the remainder of the trust transfers to a fund you have named at the Foundation or to a specific charitable organization. Grants from the fund will be made in accordance with your interests.

Highlights: You may choose to receive a fixed income (annuity trust) or receive distributions that vary with the value of the trust (unitrust). The income beneficiary can be you or someone else, including a sibling, dependent parent, friend, or former employee. A charitable remainder trust is particularly useful for people who own securities or real estate that have increased in value but earn little income, since the assets-once placed in the trust can be sold and reinvested free of capital gains tax. You may name a new fund, an existing fund, or a specific group or organization to ultimately benefit from your trust with the Community Foundation. You may choose to establish the trust during lifetime or alternatively, you may establish it through your will (testamentary trust), so that your heirs will receive income after you are gone.

Charitable Remainder Trusts Factsheet


To learn more about lifetime income and charitable gifts through YCCF, contact us by email: info@yccf.org or call 717.848.3733 or by email.