You Are Here:
In a charitable remainder trust, your transfer cash, securities, or other assets into the trust where they are reinvested without paying capital gains tax. The trust then pays the beneficiary(ies) income for the period of their life or for a fixed period of years. When the income beneficiary dies or when the trust term has expired, the assets remaining in the trust (the so-called remainder) is distributed to Greenpeace.
There are several types of charitable remainder trusts which can be created to meet your needs. You can choose between fixed and variable income, and you can choose between immediate and deferred payout. Your trust can be funded with liquid or illiquid assets. And you are entitled to a tax deduction for a portion of your gift.
Charitable Remainder Annuity Trust
A charitable remainder annuity trust pays you a fixed income equal to a percentage (chosen by you) of the original trust value. Once established, you cannot add to a charitable remainder annuity trust. You will receive an income tax deduction in the year that the trust is established and avoid estate taxes.
Charitable Remainder Unitrust
A charitable remainder unitrust pays a percentage (decided by you) of the value of your trust. As your assets appreciate, so will your income. You can add to a charitable remainder unitrust at any time. Tax benefits include an income tax deduction in the year the trust is established and avoidance of estate taxes.
Charitable Lead Trust
Setting up a charitable lead trust allows you to make a gift to Greenpeace, by paying a fixed or variable income to us for a set term, and eventually passing assets from the trust to loved ones. You will also receive an income tax deduction in the year of the gift while reducing estate taxes when the assets are passed on to your family often with reduced gift taxes as well.
For more information, please contact Corrine Barr in our Gift Planning Office at (800) 328-0678.