Charitable Remainder Annuity Trust (A Stable Dose of Fixed Income)
How it works
You transfer cash, securities or other appreciated property into a trust.
The trust makes fixed annual payments to you or to anyone you name.
When the trust ends, the principal passes to the Red Cross.
Benefits
You receive an immediate income tax deduction for a portion of your contribution to the trust.
As long as you are one of the beneficiaries, you pay no immediate capital gains tax on any appreciated assets you donate. A portion of the capital gains tax is spread over your life expectancy.
You or your designated income beneficiaries receive stable, predictable payments for life or a term of years.
You can have the satisfaction of making a significant gift that benefits you now and the Red Cross later.
