Charitable Remainder Trust (CRT)
Make a gift that generates income during your lifetime.
(GIFT RANGE $100,000 OR MORE)
The use of charitable remainder trusts (CRTs) is a popular way to make a generous charitable contribution, receive tax savings and provide an income stream for you and your family. While the concept of a charitable remainder trust is simple, there are details to be considered, so please consult with your own attorney and/or tax advisor before you decide what method of giving is right for your situation.
Don is getting older and wants to simplify his life. He owns a rental property that he wishes to sell, but he doesn’t want to pay the capital-gains tax. Don decides to give the property to a charitable remainder trust, the trust sells the property and bypasses or defers the capital-gains tax.
In addition, he will receive (1) income for life from the investment or the proceeds of the property sale, (2) a tax deduction and (3) the knowledge that he has made a meaningful gift to support the future financial health of Livingston HealthCare.
CRTs can be funded with cash, appreciated securities, real estate, or other assets with a value of at least $100,000. For donors who wish to make contributions of cash or securities of lesser amounts and receive similar benefits, Livingston Healthcare Foundation offers Charitable Gift Annuities.
For More Information
For more information on supporting Livingston Healthcare Foundation through a planned gift, please contact Jessie Wilcox at 406.823.6256 or by email at jessica.wilcox@Livhc.org. Livingston Healthcare Foundation is a fully qualified 501(c)3 charitable organization under IRS regulations. Your investment is tax-deductible to the fullest extent provided by law.