Charitable remainder trusts
You may wish to consider a charitable remainder unitrust or annuity trust for your giving; both pay lifetime income to you or other named beneficiaries.
Establishing a trust is simple. Cash or property is transferred to the trust. The income beneficiaries receive annually an amount equal to a fixed percentage of the trust's fair market value (unitrust) or a fixed dollar amount (annuity trust). Upon termination of the trust, the assets are transferred to your named charitable fund to support your individual or personal charitable giving goals.
Because of the potential for conflict of interest, our community foundation does not serve as trustee for charitable trusts. You may select a financial institution or trusted individual to serve as trustee, and name the community foundation as a remainderman to carry out your charitable wishes.
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