A charitable remainder trust is a way to make a gift that allows you to retain income from your property for life, or for another period of time that you specify. Your funds are held separately and invested for payment of a fixed or variable income to you and/or someone else you name. Such payments may be a welcome supplement to your retirement plan. Ensuring management of assets is another benefit of the plan. When the trust ends (at the death of the income recipient or at the end of the period of time you specified), whatever remains in the trust is distributed for the charitable purposes you specify. A tax deduction is allowed at the time you create your trust. The size of the deduction depends on age, payment percentage, and other factors.
A charitable lead trustprovides a substantial gift over a period of years while ensuring that the property will ultimately return to the donor or to loved ones. The lead trust is one of the few ways to reduce or eliminate taxes that otherwise would be due on assets left to children or grandchildren. Under the terms of a charitable lead trust, assets are transferred to a trust that pays income to one or more charitable recipients for a number of years you determine. At the end of that period, the assets remaining are returned to you or other persons you name.
Your financial advisor can help you determine which type of will or trust best suits your needs.
While Charlie ran the family greenhouse business for many years, Edna handled the family finances. She enjoyed researching companies for investments and took pride in her expanding stock portfolio. After Charlie passed on, her tax advisor encouraged Edna to consider the tax advantages of making gifts of stock to charitable organizations. Today Edna enjoys choosing stocks each year to contribute to Rocky Mountain PBS and deciding which securities to retain for her Charitable Remainder Trust.
To discuss planned giving options, please contact the Rocky Mountain PBS Planned Giving Office:
Patrick C. Schaefer, Major Gifts & Planned Giving Manager
303-620-5706
E-mailJaleh Bratton, Major Gifts Officer
303-620-5626
E-mailAmy Corpuz, Philanthropy Assistant
303-620-5690
