Charitable Remainder Trust

A charitable remainder trust (CRT) is an arrangement that will provide you or someone else income AND a gift to Kimochi.

  • Here’s how it works: A CRT involves the irrevocable transfer of cash, securities, or other property to a trust, managed by a trustee of your choice. You or others receive income from the trust for life or for a set number of years. After the passing of the income recipient(s), or the set number of years ends, Kimochi receives the assets remaining in the trust.

  • You’ll be eligible for an income tax charitable deduction for the year in which you establish a CRT. The deduction is based on the projected value of the ultimate gift to Kimochi.

  • There are two basic types of charitable remainder trusts:

    • A charitable remainder unitrust provides a fluctuating annual payment based on a percentage of the trust’s assets as revalued each year. If the assets grow, the beneficiaries will receive a larger annual payment.

    • A charitable remainder annuity trust pays a fixed dollar amount each year, regardless of how the trust investments perform. This arrangement ensures stable income to the designated income beneficiary.

This information is not intended as tax or legal advice. We recommend that you consult with your legal and financial advisors to learn how a gift would work in your circumstances.


 

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