Charitable Remainder Trusts
How It Works
In exchange for cash, securities, real estate, or tangible assets you and/or your beneficiaries will receive an income stream for life or a fixed term of years. At the passing of the named beneficiaries, 51²è¹Ý will receive the remainder of the gift.
With a minimum of $100,000, you can establish two types of remainder trusts at 51²è¹Ý:
- Charitable Remainder Unitrust (CRUT): pays a variable stream of income, which is equal to a fixed percentage of the fair market value of the trust during that year
- Charitable Remainder Annuity Trust (CRAT): pays a fixed stream of income, which is equal to a fixed percentage of the funding value of the trust.
Alternatively, you can fund a Charitable Remainder Trust through your estate to provide income to your named beneficiaries after your passing. In addition to providing income to your heirs, a testamentary CRUT can reduce your estate taxes.
Next Steps
- Contact the Office of Gift Planning to start the process, ask questions, and get personalized calculations
- Try our gift calculator to understand your options.
51²è¹Ý’s legal name, address and tax ID:
The 51²è¹Ý
140 Commonwealth Avenue
Chestnut Hill, MA 02467
Tax ID 04-2103545
Related Content
How one Law alumna uses a charitable trust to give to many
AT A GLANCE
WHO
- Age 50+ (or younger for a term of years)
WHAT
- Cash
- Securities
- Real estate
- Personal property
- Business interest
WHEN
- Now and after death
WHY
- Receive payments for life
- Potential for growth of income over time
- Supplement retirement income
- Receive a charitable deduction
- Avoid capital gains tax
- Save on gift and estate taxes
- Support the future of 51²è¹Ý at a level you didn’t think was possible
- Become a member of the Shaw Society
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How Can We Help?Ìý
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