Charitable Remainder Trust
Are you looking for a way to leave a substantial gift to God’s Bible School and College? If so, a Charitable Remainder Trust may be a sensible option. The CRT is a tax-saving alternative for people who wish to give highly appreciated assets, such as, stock or real estate.
The Charitable Remainder Trust :
- Provides a current income tax deduction
- Defers capital gains taxes
- Reduces or eliminates estate taxes
- Furnishes an income stream
- Gives benefit to GBSC
There are two types of Charitable Remainder Trusts:
Unitrust -Your income stream varies as the value of the trust changes. The donor receives payments each year, determined by multiplying a fixed percentage (chosen by the donor) by the fair market value of the trust’s assets valued each year.
Annuity Trust – Your income stream remains constant because it is based on a fixed percentage of the initial fair market value of the assets funding the trust.
If you would like to know more about Charitable Remainder Trusts, please contact:
Office of Advancement
1810 Young St.
Cincinnati, OH 45202