Planned Giving: Charitable Remainder Trusts
A Charitable Remainder Trust (CRT) is a way to give to the VHS and secure an income stream tailored to your needs. A CRT is an irrevocable transfer of cash, marketable securities, or other property to a trust which pays income to beneficiaries for a lifetime and/or a term of years, followed by transfer of the remainder to the VHS.
• Variable Income: Charitable Remainder Unitrusts pay at least 5 percent of the annual value of trust assets. This
amount changes with the value of trust assets and is designed to increase over time (assuming rising asset values).
• Fixed Income: Charitable Remainder Annuity Trusts pay a fixed dollar annuity each year, equal to at least
5 persent of initial assets placed in trust.
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CRTs provide many tax benefits, including:
• The transfer of property to the trust brings a deduction for a substantial portion of the property's value.
• Using appreciated property (either stock or real estate) to fund the CRT allows sale of the property
without capital gains tax.
• Creating a CRT removes property from one's estate, limiting any estate tax.
There is much flexibility in the benefits a CRT can bring to you and to the VHS.
• Who can receive income? Any person or persons may be designated to receive trust payments, but any
payments designated to one other than a spouse may constitute a taxable gift.
• Charitable beneficiaries: The donor of the trust can designate a range of charitable beneficiaries and can
reserve the right to change charitable beneficiaries.
• Length of Time: CRTs last for either a set number of years chosen by you, or for a lifetime, or a lifetime
followed by a period of years.
Other Planned Giving options available:
• Bequests
• Retirement Plan Gifts
• Charitable Gift Annuities
• Charitable Lead Trusts
• Insurance Policies
This gift option entitles you to membership in the Virginia Historical Society's Virginia Heritage Registry.
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