Charitable Remainder Trust

If you have built a sizable estate and also are looking for ways to receive reliable payments, consider a charitable remainder trust (CRT). This type of 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. At the end of the trust term, the balance in the trust goes to benefit Denison.

These types of gifts may offer you tax benefits and the option for income. There are two ways to receive payments and each has its own benefits:

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

A unitrust (CRUT) 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.

Denison-Specific Details

• For Denison to serve as a CRT trustee, the minimum gift is $250,000, all beneficiaries must be at least 55 years old, and each CRT can benefit a maximum of two people. Denison must also receive at least a 50% charitable remainder of the trust.
• Denison generally only accepts cash and marketable securities to create a CRAT. CRUTs can use a wider variety of asset—please contact us for information on acceptable asset types.

Process

Based on your assets and CRT option preference, we will produce a no-obligation illustration customized to your interests. If you and your advisor determine a CRT meets your philanthropic and financial goals, we will prepare a formal agreement and then work with you to transfer the asset(s) to establish your trust.