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Charitable Remainder Trusts A charitable remainder trust provides substantial income to you during your life, during the life of a named beneficiary, or both. Basically, you place an asset that produces income into trust and then you receive a life income based on the market value of the assets given. Because remainder trusts receive special consideration under the IRS code, you can realize considerable tax advantages by using this type of life income tool. After the death(s) of the beneficiary(ies), the trust assets are transferred to the Portneuf Health Care Foundation and are allocated for the purpose you designate. The two type of trusts are: Charitable Remainder Annuity Trust: With this type, you receive a fixed amount of annual income based on the value of the initial contribution, which is made in one lump sum. The tax reduction may be larger than for a charitable remainder unitrust established for the same amount. Charitable Remainder Unitrust: This type of trust provides a variable income that may grow as principal grows. The payout is equal to a percentage of the trust's market value, which is calculated annually. In addition, you may make multiple contributions to a unitrust. Our staff can assist you in determining the most beneficial method of supporting the Medical Center, personalized to your needs and wishes. For more information on these or other gift vehicles, call (208) 239-2134 or e-mail shaunm@portmed.org. |
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Planned Giving Will Bequests Revocable Living Trusts Charitable Remainder Trusts Charitable Gift Annuities Charitable Lead Trusts Life Estates Life Insurance Retirement Assets  Back to Foundation |
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