Planned Giving: Charitable Remainder Trust

Giving through a charitable remainder trust allows you (or someone whom you select) to receive income for life, knowing that whatever remains will benefit your charitable interests. Cash, stock, property, or other assets are placed into a trust that distributes to the "income beneficiary" an annual income for life or for the duration of the trust. As a donor you will receive an immediate tax deduction for the present value of the gift in the year the gift is made. After death or at the end of a specified trust term (up to 20 years), the remainder of the trust transfers to a fund that has been named at the Foundation or to a specific charitable organization.

Highlights

You may choose to receive a fixed income or receive distributions that vary with the value of the trust.

The income beneficiary can be you or someone else, including a spouse, sibling, dependent parent, friend, or former employee.

The minimum to establish a charitable remainder trust with the Foundation serving as trustee is $5,000.

A charitable remainder trust is particularly useful for people who own securities or real estate that have increased in value but earn little income, since the assets, once placed in the trusts, can be sold and reinvested free of capital gains taxes.

Other Planned Giving Options

Bequest | Charitable Lead Trust | Life Insurance | Retained Life Estate | Retirement Plan

Get Started Today

To learn more about the Community Foundation of NC East and its impact to our region and local communities, or to get started on your planned giving, simply contact us at 252-756-8549 to speak with our Chief Executive Officer, Melissa Spain.