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Children's Health Council

Charitable Remainder Trusts

A charitable remainder trust (CRT) offers a way to make a meaningful future gift to Children’s Health Council, while providing income for life or for a specific time frame to you and/or your loved ones. After the lives of the individuals named in the CRT or the set period of years, the balance in the trust goes to the charities of your choice.

If you are considering a gift of $300,000 or more, trusts are flexible financial planning tools that can be used to accomplish a wide range of goals. Income from such a trust can supplement other income in retirement years.

There are two basic types of charitable remainder trusts: the charitable remainder unitrust (CRUT) and the charitable remainder annuity trust (CRAT). Both options share many advantages with two important distinctions. A CRUT pays the beneficiary a fixed percentage of the principal of the trust as it is revalued annually. This provides the donor with the flexibility to make additional gifts to the trust. In contrast, a CRAT pays the beneficiary a fixed dollar amount, which is determined when the trust is established. Additional gifts to this type of trust are not allowed.

Other benefits of charitable remainder trusts include:

  • You will become a member of the Clark Legacy Circle.
  • 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 capital gains tax on appreciated assets you use to create the CRT.
  • Make additional gifts to the trust as your circumstances allow and receive additional income and tax benefits.
  • You may take comfort in knowing that the assets you have built over a lifetime will be managed by an organization committed to helping children become happier, more resilient, and more successful.