A great way to support a cause you care about while also reaping financial benefits, a charitable trust puts your assets to work now and for years to come.
Charitable Remainder Trust (CRT)
A charitable remainder trust does two things simultaneously. First, it creates an income stream during your lifetime. It also supports the causes and organizations you care about, with the remaining value going to charities of your choice when the trust term ends. You can name the Atlanta Jewish Foundation as the charitable beneficiary and work with us to determine which charities and/or funds are the ultimate beneficiary. This way if you decide to change a beneficiary – there is no need to change the trust document – you just work with us to make the change.
Benefits of a Charitable Remainder Trust
- You can avoid capital gains taxes for highly appreciated assets.
- You can take an immediate charitable tax deduction when the fund is opened.
- Income is distributed to you during your lifetime.
- It supports your community and creates a legacy of giving for you and your family.
Charitable Lead Trust (CLT)
A Charitable Lead Trust provides income to charitable organizations during your lifetime or over a set period of years. At the end of the trust’s terms, the remaining assets in your CLT pass back to you or your beneficiaries. Many people use a donor-advised fund to receive the charitable payout – creating maximum flexibility to benefit any charity or cause.
Benefits of a Charitable Lead Trust
- You can support a cause during your lifetime and pass your asset on to your heirs.
- The trust may reduce gift and estate taxes on assets you pass on.
- Using a donor-advised fund creates maximum flexibility
