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Charitable Remainder Trusts

You may be concerned about the high cost of capital gains tax with the sale of an appreciated asset. Perhaps you recently sold property and are looking for a way to save on taxes this year and plan for retirement. A Charitable Remainder Trust (CRT) might offer the solutions you need, while fueling your philanthropic goals.

Every CRT is different - so the example of "how it works" below is just an outline of what is possible. Specifics can be determined by you, your advisor team and Seattle Foundation staff.

In a nutshell: How a Charitable Remainder Trust works

• You transfer cash or assets to fund a Charitable Remainder Trust.
• The trust is invested to pay income to you or any other trust beneficiaries you select based on one or more lives, a term of up to 20 years or a life plus a combination of lives and years.
• You receive an income tax deduction in the year you transfer assets to the trust.
• Seattle Foundation and the causes you care about benefit from what remains in the trust after all the trust payments have been made.

Benefits of a Charitable Remainder Trust

• Receive income for life, for a particular period of time
• Avoid or delay capital gains on the sale of appreciated assets
• Receive an immediate income tax deduction for the charitable portion of the trust
• Establish a future legacy gift to the causes you care about

Contact us

If you have any questions about a Charitable Remainder Trust, please contact us. We would be happy to assist you and answer any questions you might have.