Charitable Gifts that Pay Income

Charitable remainder unitrusts (CRUTs) and charitable remainder annuity trusts (CRATS)

Charitable remainder trusts (both CRUT and CRAT) allow your client to convert a highly appreciated asset like stock or real estate into a charitable gift that pays them income for the rest of their lives. It reduces their income taxes now and estate taxes when they die. They pay no capital gains tax when the asset is sold.

Charitable remainder trust (CRT) example:

Please contact Elena for further details about this type of gift.

Gifts of various trust instruments received by the Community Foundation are often subject to the approval of the Community Foundation’s Board.