Charitable Remainder Trust

A Charitable Remainder Trust provides to you, or the beneficiaries of the trust, with income, tax benefits and the ability to make a significant impact on your community during your lifetime.

 

A Charitable Remainder Trust provides to you, or the beneficiaries of the trust, with income, tax benefits and the ability to make a significant impact on your community during your lifetime.

A charitable remainder trust is a special type of irrevocable trust funded with cash or appreciated assets. It is designed to reduce the Donor's taxable income by dispersing income to the Beneficiaries of the Trust for a period of time up to 20 years and donating the remainder of the Trust to Vidant Health Foundation.

You may choose for others to receive payments, such as spouse, children, or grandchildren. At the end of the trust term, the remaining amount in the trust is given to Vidant Health Foundation to advance your cause.

Receive income payments

Potentially increase your income stream from low-yield assets to fund the trust.

Tax benefits

Receive income tax charitable deduction for a portion of the gifts value depending on your tax situation.

Estate tax relief.

Potentially enjoy other tax benefits, depending on how the trust assets are invested.

Avoid capital gains tax by giving appreciated stock or property.