Charitable Remainder Trust
Solutions for Large Donations
If you have built a sizable estate and also are looking for ways to receive reliable payments, consider a charitable remainder trust. At the end of the trust term, the balance in the trust goes to the the Women's Foundation of Minnesota.
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:
The annuity trust pays you, each year, the same dollar amount you choose at the start. Your payments stay the same, regardless of fluctuations in trust investments.
An Example of How It Works
Susan, 75, wants to make a gift to the Women's Foundation but would also like more income in the future. Susan creates a charitable remainder
Susan receives $25,000 the first year from the trust. Subsequent payment amounts vary each year depending on the annual valuations of the trust assets. She is eligible for a federal income tax charitable deduction of $300,540* in the year she creates and funds the trust. This deduction saves Susan $95,173 in her 32% tax bracket.
*Based on a 2.0% charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.
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Submit a few details and see how a charitable remainder trust can benefit you.
- Contact Lizzie King at 612-236-1832 or firstname.lastname@example.org to talk about supporting WFMN by setting up a charitable remainder trust.
- Seek the advice of your financial or legal advisor.
- If you include WFMN in your plans, please use our legal name and federal tax ID.
Legal Name: Women's Foundation of Minnesota
Address: 105 Fifth Ave. South, Suite 300 Minneapolis MN 55401
Federal Tax ID Number: 41-1635761
The information in this publication is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.