The most popular and flexible type of planned gift is a Charitable Remainder Unitrust (CRUT). To set up a CRUT, you transfer cash, securities or other appreciated property into a trust. The unitrust may pay income to multiple beneficiaries for a lifetime or for a term of up to 20 years. The trustee (either you or someone you assign) manages the trust assets and pays you, or others you choose, a variable income for life, or for a term of years. When the trust terminates, the remaining assets in the trust are transferred to the Bigfork Valley Community Foundation.
Some of the benefits of a Charitable Remainder Unitrust are:

  • The trust assets are not counted as part of your estate for probate or estate taxes.
  • A unitrust may be structured to accept gifts of assets that are temporarily liquid - such as real estate or a family business - which should not be donated for a gift annuity or an annuity trust.
  • You receive a charitable deduction on your federal income tax for the charitable portion of the unitrust.
  • You may be able to eliminate capital gains taxes.

 

 

Bigfork Valley
Community Foundation

PO Box 44
Bigfork, MN 56628

218-743-4116


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