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Gift of a Charitable Remainder Trust
A charitable remainder trust is created when you irrevocably transfer property, such as cash, marketable securities or real estate, to a trustee. The terms of the trust give you the right to receive income from the trust during your lifetime and provide for the transfer of the property to your charity of choice upon your death.
The charity may issue a charitable donation receipt to you based on the value of the charity’s residual interest in the trust at the time the trust is established.
A charitable remainder trust allows you to retain an income stream from a property without having management responsibility, generate current tax savings, and provide a future gift to your charity of choice to be used as per your directions.