Your charitable remainder trust, a legacy from one generation to another
A charitable remainder trust (CRT) professionally invests your cash, securities, or other property (without any capital gain tax on their sale) so as to yield
regular income for yourself or to loved ones, and
a final gift of all remaining trust assets to charities, including the VHS, to ensure that you will always have a role in teaching future generations about history.
Fixed income: charitable remainder annuity trusts pay an annuity set by you (at least 5% of initial trust assets). Variable income: charitable remainder unitrusts pay at least 5% of the changing annual value of trust assets, providing a possible hedge against inflation.
Your CRT helps you to plan for the future. You can provide income to almost anyone: yourself and a spouse, children, grandchildren, or others.
The income can last for a lifetime(s), or for a set number of years, or both.
You can add more assets to the unitrust as the years pass.
You can even change the charitable beneficiary, or add new ones.
Your CRT brings many benefits to VHS – and to you:
Avoiding capital gains tax on securities put into trust, allowing you to unlock capital appreciation in securities without loss to capital gains tax.
Enhancing disposable income by converting low-yielding to higher-yielding assets, while
Reducing possible estate taxes.
Your CRT can provide for you and your family and then endow the VHS for many years to come.
Any information concerning giving options or their tax benefits, on this website or otherwise, provided by Virginia Historical Society is of a general educational nature only and does not constitute, or substitute for, legal advice. Please seek competent legal advice regarding how any gift to the society might affect your personal situation.