Flo's Legacy Fund
CHARITABLE REMAINDER ANNUITY TRUST
A donor transfers property to a trustee and receives a fixed dollar amount aas income for a period of time. The principal or a portion of the the principal reverts to the charity after a period of time.
DONOR PROFILE: A substantial current contributor who desire s the safety of a fixed income for life for himself and/or beneficiaries.
ESTATE VALUE: $1,000,000+
ANNUAL INCOME: Moderate
SUITABLE ASSETS: Cash and income producing assets (stocks and bonds), especially if they are highly appreciated.
ADVANTAGES TO DONOR: Income and gift tax deduction. Estate tax deduction for the entire asset Avoidance of capital gains tax. Annual fixed dollar payout for lifetime or trust term. Guaranteed payments by the trust.
DONOR CONTROL: Donor can be trustee.
BENEFITS TO CHARITY: Right to receive the trust assets at the end of the trust term.
DISPOSITION OF INCOME: Fixed annual or more frequent income to donor and/or beneficiary based on percentage of initial fair market value.
DISPOSITION OF PRINCIPAL: Distributed to the charity at the demise of the last designated income beneficiary.