Charitable Remainder Trust
Discover a Significant Gift
If you have built a sizable estate and also are looking for ways to receive reliable payments, consider a charitable remainder trust. This gift option allows you to make a significant gift to help fight hunger in America and receive income payments for your lifetime or a period of years. At the end of the trust term, the balance in the trust goes to Feeding America.
If you'd prefer that Feeding America recieves payments and you or your beneficiaries receive the sum remaining at the end of the trust term, then consider a charitable lead trust.
A trust may offer you tax benefits as well. There are two ways to receive payments and each has its own benefits:
The annuity trust pays you, each year, the same dollar amount you choose at the start. Your payments stay the same, regardless of fluctuations in trust investments.
The unitrust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. The amount of your payments is redetermined annually. If the value of the trust increases, so do your payments. If the value decreases, however, so will your payments.
Whichever way you choose to give, you'll get us closer to ensuring that everyone in America has enough to eat.
See which type of charitable trust best fits your estate plan with the FREE guide Choose From 2 Win-Win Ways to Donate.View My Guide
An Example of How It Works
Susan, 75, is concerned about children in America not having enough to eat. She wants to make a gift to Feeding America but would also like more income in the future. Susan creates a charitable remainder unitrust with annual lifetime payments to her equal to 6 percent of the fair market value of the trust assets as revalued annually. She funds the trust with assets valued at $500,000.
Susan receives $30,000 the first year from the trust. Subsequent payment amounts vary each year depending on the annual valuations of the trust assets. She is eligible for a federal income tax charitable deduction of $276,880* in the year she creates and funds the trust. This deduction saves Susan $88,602 in her 32 percent tax bracket, and she feels good knowing that someday her plans will make a significant difference to children facing hunger.
*Based on annual payments and a 3.2 percent charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.
- Contact Jessica Noe at 800-771-2303, Ext. 5593 or email@example.com to talk about supporting Feeding America by setting up a charitable remainder trust.
- Seek the advice of your financial or legal advisor.
- If you include Feeding America in your plans, please use our legal name and federal tax ID.
Legal Name: Feeding America
Address: 35 East Wacker Drive, Suite 2000, Chicago, IL 60601
Federal Tax ID Number: #36-3673599
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The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.