Charitable Remainder Trusts

When you establish a charitable remainder trust, you make a generous gift to help secure the Lymphoma Research Foundation’s ability to fund research while making a smart financial decision.  This gift plan allows you to provide an annual income for yourself or others either for life or for a fixed term of 20 years or less. 

How does it work?

You irrevocably transfer assets (usually cash, securities and/or real estate) into a trust.  You decide who the trustee will be (i.e. a bank trust department) and during the trust’s term the trustee will then invest the trust’s assets.  Each year, depending on the type of trust you have structured, the trustee will distribute either a fixed dollar amount to your beneficiaries, which is called a charitable remainder annuity trust (CRAT) or a fixed percentage of the trust’s value as re-valued annually to your beneficiaries, which is called a charitable remainder unitrust (CRUT).  With a charitable remainder unitrust, you may add funds to the trust whenever you like.  Payments must be between 5% and 50% of the trust’s annual value.

Your Benefits

  • You will receive an income tax charitable deduction for a portion of your gift.
  • Your entire gift will be available for reinvestment, free of capital gains tax.
  • Your estate will benefit from reduced probate costs and estate taxes. 

To learn more about how a charitable remainder trust can benefit you or about the different ways you can support the Lymphoma Research Foundation through gift planning, please contact Evelyn Lipori, Director of Individual Giving, at (646) 465-9126 or elipori@lymphoma.org.  All inquiries are confidential.
 
This information is not intended to represent legal or tax advice or to substitute for such advice. We recommend that you consult your professional advisors when considering your charitable gift planning options.

 

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