FUNDING A CHARITABLE REMAINDER TRUST

You may desire to establish a Charitable Remainder Unitrust (CRUT) and fund it with real estate. The real estate is sold tax-free by the trustee of the CRUT and the proceeds are invested by the Trustee to create income for you or someone else you choose.

The donor can also contribute a partial interest in the real estate to the CRUT. Often this is done when the donor wants to create a charitable gift but also wants to share in a portion of the proceeds from the sale of the real estate as well as the future income from the CRUT. Upon the sale of the real property, there are no capital gains taxes paid on the fractional interest placed in the CRUT.

​

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.