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Charitable Remainder Annuity Trusts

Charitable Trusts - in General

If you are interested in maximum flexibility and effectiveness from your gift, consider charitable remainder trusts (CRT's) at Soroptimist.

• Our unitrust pays you and/or other beneficiaries a variable income stream based on the annual value of trust assets. Income in excess of the percentage payout is reinvested. Once the trust term expires, any remaining assets pass to Soroptimist.
• Our annuity trust pays you and your beneficiaries a fixed income stream based on the initial value of trust assets. Income in excess of the percentage payout is reinvested. Once the trust term expires, any remaining assets pass to Soroptimist.

CRT's may pay income to multiple beneficiaries, for life or a term or years. A unitrust may be structured to invest solely for growth for a term of years. This is an attractive way to help provide additional retirement income or income for college tuition while also making a substantial gift to Soroptimist. An annuity trust may hold tax-free securities and pass tax-free income through to the beneficiaries.

You, your financial institution, or Soroptimist may elect to serve as the trustee or co-trustee of a CRT.

What is a charitable remainder annuity trust?

A Charitable Remainder Annuity Trust is a separately invested and managed charitable trust that pays you, your spouse, and/or other beneficiaries a fixed annuity income for life or a term of years. You receive a charitable income tax deduction for a portion of your gift to the trust. No additional gifts are permitted. After the annuity trust terminates, the accumulated principal or "remainder interest" passes to Soroptimist. The minimum gift is usually $100,000. For those who can make a gift of this size, the advantages are considerable.

• Receive stable, predictable income (particularly appealing to older donors and income beneficiaries).
• Depending on how your trust is invested, some of your income could be taxed at the favorable capital gain rate of 15%.
• Receive an upfront income tax deduction for the value of your trust less the amount of your retained lifetime or term of years income stream.
• Avoid ALL upfront capital gains tax on any gifts of appreciated assets.
• Reduce your potential estate tax liability.
• Enjoy the satisfaction of making a deferred gift to Soroptimist during your lifetime.

If you are interested in maximum flexibility and effectiveness from your gift, consider the charitable remainder trusts (CRT's) of Soroptimist.

• Our unitrust pays you and/or other beneficiaries income as a fixed percentage of the principal. The unitrust is revalued annually, and income in excess of the percentage payout is reinvested.
• Our annuity trust pays you and your beneficiaries a fixed income.

CRT's may pay income to multiple beneficiaries, for life or a term or years. A unitrust may be structured to invest solely for growth for a term of years, an attractive way to help provide for future retirement or tuition needs while also making a substantial gift to Soroptimist. An annuity trust may hold tax-free securities and pass tax-free income through to the beneficiaries.

You, your financial institution, or Soroptimist may serve as the trustee of a CRT. We presently ask for a minimum gift of $100,000 to establish a unitrust that we will trustee.

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To learn more about Charitable Remainder Annuity Trusts, Email us, complete the Information Request form, or call us at (215) 893-9000 so that we can assist you.