Charitable Remainder Trusts

Looking for a way to give HFHTC a significant gift? If you have built up a sizeable estate and are also looking for ways to receive reliable payments, you may want to check out the advantages of setting up a charitable remainder trust.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

Benefits of a charitable remainder trust include:

  • A partial charitable income tax deduction
  • Potential for increased income
  • Up-front capital gains tax avoidance

There are two ways to receive payments with charitable remainder trusts:

The annuity trust pays you, each year, the same dollar amount you choose at the start. Your payments stay the same, regardless of fluctuations in trust investments.

The unitrust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. The amount of your payments is redetermined annually. If the value of the trust increases, so do your payments. If the value decreases, however, so will your payments.

 

You can use the following assets to fund a charitable remainder trust:

  • Cash
  • Appreciated Securities
  • Closely Held Stock
  • Real Estate
  • Retirement Plan Assets
  • Tangible Personal Property

 

  1. Contact Habitat for Humanity of Teller County at 719-687-4447 or colleen@tellerhabitat.org or jamie@tellerhabitat.org to talk about supporting HFHTC by setting up a charitable remainder trust.
  2. Talk to your financial or legal advisor.
  3. If you name HFHTC in your plans, please use our legal name and federal tax ID.

 

Legal Name: Habitat for Humanity of Teller County
Address: 700 Valley View Dr., Woodland Park, CO, 80863
Federal Tax ID Number: 84-1513509

 

The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results.