CGRC @ Your Service: December 3, 2015

CRTs & CLTs as Gift Planning Tools

What do you know about Charitable Trusts? If your answer was along the lines of “not much” or “I would like to know more,” you may want to study up! Charitable Trusts are fantastic tools to help your donors achieve their own personal financial and estate planning objectives for themselves and their families, while at the same time allowing them a way to leave a lasting impact by benefiting your donors’ favorite nonprofit…YOURS.

Through a Charitable Remainder Trust (CRT), your donor or other named individuals can receive income each year for life or a period not exceeding 20 years from assets your donor contributes to the trust he/she creates. Variable or a fixed payment amount can be chosen. Upon the passing of the named individuals or the set period of years, the balance in the trust goes your nonprofit. Click here to access a great site to learn more about CRTs.12.3.15 Blog Image

A Charitable Lead Trust (CLT) allows your donors to benefit from the tax savings that result from supporting your organization without giving up the assets they want to pass on to their family members? Your donors give their treasures to a trust that provides your nonprofit an income for a number of years. The longer the length of time, the better the gift tax savings for your donor. When the term is up, the remaining trust assets go to your donors, their family or other beneficiaries they chose. Click here to visit a website for more about information regarding CLTs.

What better way to kick off the holiday season than to provide your donors with the tools they need to integrate their favorite nonprofits in their personal financial planning goals? For more information regarding how your nonprofit can offer CRTs and CLTs to your donors, visit our website page,  or click here for an outlined pdf.  As always, feel free to contact us!