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Charitable Remainder Trusts and Gifts of Residual Interest

Photo by Ron Jenkins
Photo by Ron Jenkins

Charitable remainder trusts and gifts of residual interest allow you the use of gifted assets during your lifetime. They are irrevocable gifts. A charitable remainder trust pays you an annual income from your principal. The principal amount reverts to The Conservancy upon your death.

You can also establish a charitable remainder trust through a bequest. Most often, the assets are used to provide for the needs of a surviving spouse or other heirs during their lifetimes. Upon death of the income beneficiaries, the assets revert to The Conservancy.

A gift of residual interest allows you to donate an asset today (your personal residence, work of art, investments, property), and enjoy the use of it for the rest of your lifetime.

Benefits of a Charitable Remainder Trust or Gift of Interest

  • You delight in the joy of giving and have the satisfaction of working with The Conservancy during your lifetime.
  • You receive an immediate charitable donation receipt for the present value of the remainder.
  • Unused tax credits can be carried forward for five years.
  • Gifts of appreciated property can be structured to avoid capital gains taxes.
  • Irrevocable trusts are not included in your estate and are not subject to probate fees.