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Charitable Remainder Trusts

A Charitable Remainder Trust (CRT) is a life income gift that you tailor to maximize your personal tax and income benefits. You transfer cash or other property to one of two types of trusts. A Unitrust pays you a percentage of the trust’s assets, valued annually, with the potential for your income to grow as the principal grows. An Annuity Trust pays you a fixed amount that never varies, even if the value of the trust principle decreases. You also choose how long the trust lasts. Principal remaining when the trust ends funds the purpose you have chosen.

The flexibility and advantages of a CRT may include:

• Guaranteed income for your life, or a term of your choice
• An income tax charitable deduction in the trust’s first year
• A reduction in capital gains, gift and estate taxes
• Columbia serving as trustee and managing your CRT investments for no fee
• Maximizing your support of education, medicine or research