A way to give that pays you income
Charitable remainder unitrust (CRUT)
You transfer cash, securities, or other assets into an irrevocable trust. The trust pays you, or people you name, a fixed percentage of its value each year, recalculated annually, for life or for a term of up to 20 years. When the trust ends, the remainder goes to the charity or charities you chose.
- Income that can grow as the value of the trust grows
- A partial income tax deduction in the year you fund the trust
- Appreciated assets can be sold inside the trust without immediate capital gains tax
