Charitable Gift Annuity | Giving | Avon Old Farms | Boys Boarding High School in CT

An Immediate Charitable Deduction

A gift to a charitable remainder trust qualifies for an immediate income tax deduction (subject to limitations), even though income will be paid to you (and/or other beneficiaries) for life.

The exact amount of the charitable deduction depends on the:

• Value of the property transferred to the trust
• Amount of income benefits that are payable each year to individual beneficiaries
• Approximate length of time the income benefits will be paid
• Prevailing interest rates at the time the gift is made

Despite the tax and financial benefits of a charitable remainder trust, you should consider this kind of arrangement only if you and your advisors determine it is compatible with your overall estate, tax, and financial plan.

Please contact us for more information about charitable remainder trusts.

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