Charitable Remainder Trust

Similar to a charitable gift annuity, a Charitable Remainder Trust (CRT) is usually created with amounts of $100,000 or more. This is an especially attractive option if you seek to generate additional income from your donated asset, and the income stream created may be for one or more lifetimes or for a fixed number of years. Not only do you remove the contributed asset from your estate, you also benefit from an immediate a charitable income tax deduction and all long-term capital gains tax liability is forgiven with this gift.