Charitable Remainder Trust
A Charitable Remainder Trust (CRT) is a powerful financial planning tool that allows you to support Indian River Lakes Conservancy (IRLC) while securing your financial future.
By establishing a CRT, you can receive income for life or a term of years, enjoy significant tax benefits, and leave a meaningful legacy for conservation.
How it Works
Establishment
You transfer assets, such as cash, securities, or real estate, to a trust, naming IRLC as the ultimate beneficiary.
Income Payments
The trust pays you or your designated beneficiaries income for life or a specified term, based on a fixed percentage of the trust's value.
Tax Benefits
You receive an immediate income tax deduction for the charitable portion of your gift, potentially reducing your taxable income and lowering your tax liability. Additionally, you may eliminate capital gains tax on appreciated assets used to fund the trust.
Legacy for Conservation
Upon the termination of the trust, the remaining assets are distributed to IRLC, providing vital support for our conservation efforts.
Benefits
Income for Life
Enjoy a reliable source of income for yourself and/or your beneficiaries for life or a specified term.
Tax Advantages
Receive immediate income tax benefits, potential reduction of estate taxes, and eliminate capital gains tax on appreciated assets.
Flexibility
Choose from various trust options, including charitable remainder annuity trusts (CRATs) or charitable remainder unitrusts (CRUTs), to suit your financial goals and charitable objectives.
Philanthropic Impact
Leave a lasting legacy for conservation by supporting IRLC's mission to preserve and protect the natural beauty of the Indian River Lakes region.
Is a Charitable Remainder Trust Right for You?
A CRT may be suitable for individuals who:
- Seek to supplement retirement income while supporting charitable causes.
- Own appreciated assets with a low-cost basis and wish to avoid capital gains tax upon sale.
- Desire to maximize income tax deductions and reduce estate taxes.
- Want to leave a meaningful legacy for conservation.
Learn More
To explore how a charitable remainder trust can benefit you and support Indian River Lakes Conservancy, please contact Heidi Sourwine at hsourwine@indianriverlakes.org.