A charitable remainder trust allows donors to receive income for life or a set number of years, knowing that whatever remains will benefit the community. When donors establish charitable remainder trusts with us, they receive an immediate tax deduction.
Donors may receive a fixed income or payments that change with market conditions. Donors can use the payments to supplement their own lifestyle or that of someone else, like a sibling, a dependent, parent, a friend or a former employee.
Donors can start receiving annuity payments immediately, or defer them to increase the charitable income tax deduction.