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Legacy Giving: Charitable Remainder Trusts

A Charitable Remainder Trust is another way you can make a gift while maintaining a safe, secure source of income during your lifetime. You permanently transfer the assets you wish to donate, such as cash, securities, or real estate to a trust.

Two basic types of trusts are available. An Annuity Trust can be used to provide a fixed amount of income for you and your loved one(s). A Unitrust establishes a variable rate of return based on the fair market value of the trust. Income will vary with the value of the Unitrust, and the level of income received by you is adjusted on an annual basis.

Benefits:

  • You receive an immediate charitable tax deduction for a portion of the current value of the assets.
  • You or your designated beneficiaries will receive an annual income for the rest of their lives or a term of years.
  • There are no capital gains taxes when the SLSO sells the trust’s assets.
  • After your death or the death of your spouse or other loved one(s), the remainder of the assets in the trust plus accrued income is transferred to the SLSO.

Please note: The purpose of this page is to provide general gift, estate and financial planning information. It is not intended as legal, accounting, or other professional advice. Consult your attorney or legal advisor if your plans require revision of a will or other legal document. 

Contact Us

Elaine Wichmer
Senior Major and Planned Giving Officer
Phone: 314-286-4457
Email

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