 Charitable Trusts
What exactly is a charitable trust? Well, for
starters, it's a great way to give because there are rewards for you
and Lenoir-Rhyne.
Types of Trust
Charitable Remainder Trust (CRT)
A CRT makes set payments to one or
more income beneficiaries. You can receive an income and a tax
deduction and your beneficiary receives incomes as well. A unitrust,
like the Ripples established, allowed them to add assets over time
and receive a minimum 5% income on those quarterly assets.
Chartiable Lead Trust (CLT)
A CLT provides an annual payment to the organization for a specific
term. Once the term ends, assets are either returned to you or
become property of your children or heirs. |
