Charitable Remainder Trust (CRT)

A charitable remainder trust (CRT) is an irrevocable trust established by a donor with assets such as cash, securities, or property in exchange for annual payments to the designated beneficiaries. The minimum funding amount to establish a CRT is $100,000. You will receive a deduction for the charitable portion of your gift. Your gift will support Community Foundation Santa Cruz County and any other charitable beneficiaries of your choice.

Benefits

Charitable Gift:

• Support the Community Foundation to address the needs of Santa Cruz County in perpetuity and other nonprofits about which you care the most.

Tax Considerations:

• Income tax charitable deduction in the year the gift is made for the present value of the charitable gift. There is no capital gains tax on transfer or sale of gift assets.

Life Income Payments:

• Beneficiaries receive variable or fixed annual payments for life or a term of years.

Diversify your Investments:

• When the Community Foundation serves as trustee of a unitrust, Trust assets are managed in accordance with the investment management policies established by the Board of Trustees of the Community Foundation Santa Cruz County and its fiduciary responsibilities.