Charitable Remainder Trust

Benefits

• Increased income potential: A charitable remainder trust provides income with growth potential for life or a specified period of time.
• Tax benefit: You can take a charitable deduction the year in which you make your gift. You'll also avoid capital gains tax on long-term, appreciated assets that you transfer to the trust.
• Future tax benefits: You can reduce or eliminate your estate taxes by transferring assets.
• Rewarding: You will have the satisfaction of leaving a legacy to Dartmouth and supporting the beneficiaries of your choice.
• Recognition: Become a member of the Bartlett Tower Society.

How It Works

You can establish a charitable remainder trust during your lifetime or through your estate for the benefit of another. You may fund your charitable remainder trust with cash, securities, tangible assets, or real estate. Dartmouth sells your asset(s) at market value, invests the proceeds, and manages your irrevocable trust. Income is paid to you or your beneficiaries for life or for a term of up to 20 years.

Dartmouth offers two types: a charitable remainder unitrust, or CRUT, pays a variable stream of income; a charitable remainder annuity trust, or CRAT, pays a fixed stream of income. 

At the end of the trust term, remaining assets are transferred to Dartmouth for general use or for a purpose you specify. Up to one half of the remainder can be designated to go to another charity.

The minimum gift amount is $50,000.

Next Steps

Contact Gift Planning to request more information on how to establish a charitable remainder trust.