Sometimes donors may wish to fund a charitable remainder trust through a gift of cash, stock or real estate. Through the trust, you assign the principal to Pattie A. Clay Foundation, yet you or a beneficiary receive income from the investment for a fixed number of years. A charitable trust may be structured to pay out a fixed percentage of the trust’s market value recalculated annually (charitable unitrust) or a fixed dollar amount based on the asset at the time of transfer (charitable annuity trust).
A minimum donation of $50,000 is required to set up a charitable remainder trust.
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Remember, there are always details to consider which pertain to your particular situation. Therefore, it is wise to consult your accountant or attorney for additional information and restrictions on the tax consequences of any charitable contribution.