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Charitable Remainder Annuity Trust
Gift Example
You are holding appreciated stock valued at $100,000 from which you receive a $1,000 dividend annually. You would like to reinvest for more income; however, you will owe a capital gains tax on $90,000 of profit if you do. Instead, you contribute the to a charitable annuity trust paying you and your spouse (ages 70 and 68) $5,000 annually.
What are the benefits?
Amount contributed |
$100,000 |
|
Cost basis |
$10,000 |
Capital gains tax avoided (90,000 x 15%) |
$13,500 |
Annual income (fixed) |
$5,000 |
|
Charitable deduction * |
$40,328 |
|
Tax savings @ 33% |
$13,308 |
|
| Click here to calculate the benefits a Charitable Remainder Annuity Trust would give you. |
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Note: The Annuity Trust is not the only gift plan that pays you lifetime income. Compare its benefits with those of the unitrust and the gift annuity. |
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For more information
Email us, complete the personal illustration form, or contact the planned giving representative in your area so that we can assist you through every step of the process.
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