Connie Maxwell Children's Home

In creating a charitable remainder trust, the donor creates and transfers property (cash and/or other assets) into a trust. As with other life income plans, you and/or your designates receive income for life or for a specific period of time up to 20 years. At the end of the trust period, the property remaining in the trust (the remainder) becomes the property of the charity.

Also like other life income plans, trusts offer both income and generous tax benefits. The donor can also elect to receive a fixed dollar amount (Annuity Trust) or he/she can elect to receive a fixed percentage of the value of the assets (Unitrust).

Some of the benefits of giving through a charitable remainder trust include:

• Increased income from low-yielding assets.
• Reduction or elimination of income, estate, and gift taxes that would otherwise be due.
• Diversification of investment assets and the potential for tax-free growth of assets.
• Help for elderly loved ones and for meeting educational expenses.
• The enjoyment of making a larger gift to the children than might not otherwise be possible.