Charitable Remainder Trusts (CRT)
A CRT can be a great tool for those who want to make a large gift of appreciated assets (typically in excess of $250,000). Appreciated real estate and stock are common assets used to fund a CRT. The asset is placed into the CRT and sold in the tax-free environment of the trust. The giver then receives an income for a term of years or lifetime. The payout percentage is determined by the giver and the percentage then determines the amount of charitable tax deduction. At the end of the trust term, the remaining balance goes to support the ministry.
Charitable Remainder Trusts can also be created through a will or living trust and designed to pay income to friends or family for a term of years of lifetime.