Charitable Remainder Trust

General infromation:

A Charitable Remainder Trust (CRT) is an irrevocable, tax-exempt trust designed to enable a significant future gift to charity while providing an income stream to one or more non-charitable beneficiaries (often the donor(s) or family members) for a specified period of time.

There are two main types, depending on how the income payout is structured:

CRUT (Unitrust):Pays a fixed percentage of the trust’s value, recalculated annually. The dollar amount you receive varies year to year.

CRAT (Annuity Trust): Pays a fixed dollar amount each year, set when the trust is created. The dollar amount you receive stays the same.