Charitable Remainder Trusts
RedRover does not have the means to navigate charitable remainder trusts so we have partnered with CGA America who manages these transactions for us.
A charitable remainder trust (CRT) is an irrevocable trust that generates a potential income stream for you, as the donor to the CRT, or other beneficiaries, with the remainder of the donated assets coming to RedRover.
How do charitable remainder trusts work?
A charitable remainder trust is a “split interest” giving vehicle that allows you to make contributions to the trust and be eligible for a partial tax deduction, based on the CRT’s assets that will pass to charitable beneficiaries. You can name yourself or someone else to receive a potential income stream for a term of years, no more than 20, or for the life of one or more non-charitable beneficiaries, and then RedRover to receive the remainder of the donated assets.
There are two main types of charitable remainder trusts:
- Charitable remainder annuity trusts (CRATs) distribute a fixed annuity amount each year, and additional contributions are not allowed.
- Charitable remainder unitrusts (CRUTs) distribute a fixed percentage based on the balance of the trust assets (revalued annually), and additional contributions can be made.
- Preserve the value of highly appreciated assets.
- Income tax deductions.
- Tax exemption.
For more information, please contact Tom Dieters at CGA America at email@example.com.
Thank you for considering making RedRover a beneficiary for your charitable remainder trust. Your gift will help make the future a better place for animals!
Please let us know your plans so we can thank you and ensure your wishes are met. Please contact Erin Bialecki at 800.440.3277, ext. 313, email firstname.lastname@example.org or send your planned giving intentions to RedRover, Attn: Director of Development, P.O. Box 188890, Sacramento, CA 95818. Letting us know about your intentions also makes you a very special Legacy Partner.