Charitable Remainder Trust
For our Professional Advisors
Contact Information
THE FOUNDATION of the ROMAN CATHOLIC DIOCESE OF RALEIGH, INC.
7200 Stonehenge Dr.,
Raleigh, NC
27613
Phone:
919/568-1065
Fax:
919/568-3241
info@FoundationDOR.org
A Charitable Remainder Trust is a gift vehicle that provides a stream of income for a donor’s lifetime or for a period of years. There are two basic variations of a Charitable Remainder Trust
A Charitable Remainder Unitrust is designed to pay an annual income to one or more non-charitable beneficiaries for a term of years or for the lives of those individuals in an amount equal to a fixed percentage of the value of trust assets. The amount of each payment to the beneficiaries will vary based on fluctuations in the value of the trust as determined on an annual basis. Upon the death of the last surviving beneficiary, the assets of the trust are transferred to the charitable organization in the name of the trust. The payout rate is set at a minimum of 5 per cent.
Donor Benefits
- Rely upon a consistent or variable income stream for life or for a period of years.
- Can fund the Trust with cash or appreciated property including real estate.
- The name of the fund may be shared directly with the recipient ministry if the donor desires.
- Knowledge that the fund will be used for the purpose directed by the donor under the management of the Foundation Board of Directors regardless of personnel changes within the ministry.
- Additional contributions may be made to the Fund at any time by the donor. (Unitrust only.)
- Contributions of appreciated property may be particularly attractive by avoid most or all capital gains on the asset which claiming a charitable deduction on the amount of your Fund deposit.