Charitable Remainder Trusts

Many Quiet Hour supporters give generously for ministries and evangelistic projects. They give freely from their heart, without expecting any tangible return on their gift. Because Charitable Remainder Trusts are irrevocable, they provide ways to make gifts that include tax benefits.

• They bypass capital gains (when the trust is funded with appreciated assets, such as real estate or securities).
• They create a life income stream that may be more than what you are currently receiving for a particular property or investment.
• They allow you a substantial charitable deduction on your tax return in the year it is transferred to the trust, plus the charitable deduction can be carried forward for five subsequent years if it cannot all be used in the first year.

Due to administration costs, we recommend the minimum funding amount of $50,000 to establish a Charitable Remainder Trust. There are two types that offer unique planning features, Charitable Remainder Unitrusts and Charitable Remainder Annuity Trusts.