Charitable Remainder Trust

A charitable remainder trust is funded by an irrevocable gift of assets (cash, securities, bonds, or mutual funds) into a trust to be managed by a trustee (a financial institution, yourself, a lawyer or other individual). A trust document names the interest income beneficiary (you or an alternate individual based on one life, joint life, or a fixed term), and names LFC or another ministry as the remainder beneficiary. Your tax receipt is based on the net present value of the remainder interest.

How a Charitable Remainder Trust Works?

• You establish a trust naming the interest income beneficiary, with the remainder beneficiary as LFC or another ministry
• Assets are irrevocably transferred into the trust
• The income beneficiary receives a lifetime income from the donated assets
• You receive a charitable tax receipt for the net present value of the remainder interest
• Your gift is not subject to probate fees and other estate costs

Is a Charitable Remainder Trust Right for You?

To determine if a gift in kind is the right gift for you to make, please contact one of the Foundation’s Gift Coordinators.