A charitable remainder unitrust (CRUT) or Charitable Gift Annuity (CGA) can provide you and/or other beneficiaries with income for life or for a fixed number of years.
A Gift that Pays You Income for Life
Potential Benefits of CRUT and CGA Gifts
- Avoid paying capital gains on sales of appreciated stock and real estate
- Convert the full value of stock into a lifetime income stream
- Receive a significant charitable income tax deduction
- Some of the income may be tax-free.
- Remove assets from your taxable estate
Who is this for?
- Those over 70 are best positioned to use a CGA.
- CGA’s can be established for only $10,000 and are best funded with cash or appreciated stock.
- CRUT’s typically require $100,000 to establish.
- Appreciated income producing real estate or appreciated stock are the best assets for funding a CRT.