There are two types of Charitable Remainder Trusts:

CHARITABLE REMAINDER ANNUITY TRUST (CRAT) in which distributions back to the donor from the CRAT are fixed and determined at the time the CRAT is created. No additional assets can be added to a CRAT after its inception.

CHARITABLE REMAINDER UNITRUST (CRUT) in which the distributions back to the donor from the CRUT are a fixed percentage of the fair market value of the assets in the trust on a fixed date each year. Additional assets can be contributed to the CRUT at any time by the donor.

 

Donors will make their decision as to which type of CRT best aligns with their tolerance for market fluctuations.

 

GIFT IT TWICE STRATEGY

The Gift It Twice strategy involves naming a Charitable Remainder Trust (CRT) as the beneficiary of your Retirement Plan. Upon your death, your retirement plan assets are transferred to the CRT. You can choose to have the CRT pay income to a loved one(s) for life or for a number of years, not to exceed 20. At the end of the term of the CRT, the trustee distributes the balance to Saint Vincent Academy.

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Please note: the information presented on these pages is not offered as legal or tax advice. You are encouraged to seek the advice of your tax advisor, attorney, and/or financial planner to determine which planned giving option is best for you.