A charitable remainder trust provides a donor with a lifetime income and a charitable-income tax deduction. The donor selects the payout rate, usually between 5% and 7%. The higher the payout rate, the lower the charitable-income tax deduction. This gives the donor, and perhaps the donor's spouse, an income every year for life. If the donor funds the trust with appreciated securities, the donor will avoid capital-gains taxes. If the donated assets have been producing little or no income, the donor may also receive increased income.

The donor may choose the trustee to manage the trust. The trustee may invest in almost any venture, including tax-free bonds. A donor may designate the trust for the benefit of a particular department or program at CRMS and establish a fund in his or her name at death.

For more information please contact Renee Ramge.