Elizabeth set up a charitable remainder trust to benefit the CRCNA. She contributed assets to a trust. She now receives income from that trust for life, and the remaining assets will go to the CRCNA upon her death. Setting up your assets in this way provides a reliable income, offers tax benefits, reduces potential complications in estate planning, and ultimately benefits your chosen charitable organizations.
If you've accumulated a substantial estate and seek a dependable income source while making a significant charitable impact, consider a charitable remainder trust. This specialized trust structure allows you or other designated individuals to receive annual income for life or up to 20 years from assets you contribute to the trust. Ultimately, at the conclusion of the trust term, the remaining balance supports the vital mission of CRCNA.
These generous gifts may offer you both tax advantages and the option for ongoing income. There are two primary methods for receiving payments, each with its unique advantages:
By establishing a charitable remainder trust, you can make a substantial impact on CRCNA's mission while securing a dependable income stream for yourself or your chosen beneficiaries.
Please consult with your bank representative or investment advisor if you are considering this gift. If you include the Christian Reformed Church in North America in your plans, please use our legal name and CRA Registered Charity Number.
