Charitable Remainder Annuity Trusts
A charitable remainder annuity trust is a separately invested and managed charitable trust that pays you, your spouse, and/or other beneficiaries a fixed annuity income for life or a term of years. You receive a charitable income tax deduction for a portion of your gift to the trust. No additional gifts are permitted. After the annuity trust terminates, the accumulated principal or "remainder interest" goes to Julie Billiart School.
- Receive stable, predictable income (particularly appealing to older donors and income beneficiaries).
- Avoid all upfront capital gains tax on any appreciated assets you transfer to the annuity trust.
- Receive all or partly tax-free income if your annuity trust is invested for that objective.
- Reduce your estate tax liability by removing a large taxable asset.
- Make a satisfying and substantial gift to Julie Billiart School during your lifetime.
Example Comparison of Benefits: Unitrust and Annuity Trust |
This example is based on a factor that changes monthly. Contact our office for a personal illustration based on the latest rates. |
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Assumptions: |
> Beneficiaries
aged 72 and 70 |
|
. |
Unitrust |
Annuity Trust |
Contribution |
$100,000 |
$100,000 |
Income Rate |
5% |
5% |
First Year's Income |
$5,000 |
$5,000 |
Future Income |
Variable |
$5,000/year |
Charitable Deduction* |
$43,764 |
$43,367 |
*Based on a Federal Discount Rate of 5%. |
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To learn more about charitable remainder annuity trusts, Email us, complete the Information Request Form, or call us at (216) 381-1191 so that we can assist you.
The Julie Billiart School
4982 Clubside Rd.
Lyndhurst,OH 44124
(216) 381-1191 | Fax: (216) 381-2216
