Charitable Remainder Trust
A CRT is funded with cash or appreciated property. It is a tax-exempt trust that can sell appreciated property without paying capital gains tax and invest the proceeds to pay you or your loved ones an income.
This giving option is ideal if you:
Are 70 and a half or older and have a traditional IRA
Take required minimum distributions and would prefer to direct them to ministry rather than to taxes
Want to make a significant gift that isn't limited by standard charitable deduction rules
What makes this powerful:
You will receive an income stream of a minimum of 5 percent for a term of up to 20 years or your lifetime.
You will receive a charitable deduction for the gift portion of the CRT.
You can avoid capital gains tax upon the sale of the asset by the charitable remainder trust.
You must not have a prearranged sale prior to placing the asset into the Charitable Remainder Trust.
Work with an Orchard Alliance gift and estate design consultant to develop the best plan of stewardship for making the gift into the CRT.
The asset must be appraised within 60 days prior to the gift.
You can gift a partial or full interest.
You should own the entire interest in the property.
How it works:
EIN: 13-1623940
Your Next Step:
If you have any questions about an IRA charitable rollover gift, please contact us. We would be happy to assist you and answer any questions you might have.
We’re here to help!
For all other questions, contact The Alliance: