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:

Jack Hooker
Vice President for Advancement
1810 Young St.
Cincinnati, OH  45202
jhooker@gbs.edu
(513) 721-7944 ext. 1222