A Trust is an entity created by a document in which one person gives assets to a trustee to benefit another person or a charity. By creating and funding a charitable remainder trust, you can make a significant future gift to Public Radio East, while you and/or a beneficiary (or beneficiaries) designated by you, receive annual income.
Benefits of Charitable Remainder Trusts:
- Provides income for you or a designated beneficiary
- Avoiding capital gains taxation
- Qualifies for charitable income tax deduction
Determining the right plan for you depends on a number of factors including your age, income needs and financial objectives.