Charitable Remainder Annuity Trust
You want the flexibility to invest and manage your gift plan, and also the security of stable income.
How It Works
- You transfer cash, securities, or other appreciated property into a trust. The required minimum for this type of gift is $100,000.
- The trust makes fixed annual payments to you or to beneficiaries you name.
- When the trust terminates, the remainder passes to the Elim Park Foundation to be used as you have directed.
Benefits
- Receive income for life or a term of years in return for your gift.
- Receive an immediate income tax deduction for a portion of your contribution.
- Pay no up front capital gains tax on appreciated assets you donate.
- Use the trust to meet needs that are tied to a specific time frame, such as college tuition payments.
Download a brochure on this topic:
Next
- More detail about Charitable Remainder Annuity Trusts.
- Frequently asked questions on Charitable Remainder Annuity Trusts.
- Related Gift: Charitable Remainder Unitrust.
- Contact us so we can assist you through every step.
The Elim Park Legacy Foundation is a 501(c)(3) organization that secures philanthropic support to elevate the resident experience at Elim Park Baptist Home by funding enhanced amenities, specialized care, and innovative wellness programs that promote the quality of life while providing donors with a sense of purpose, tax benefits, and a lasting legacy.