Overview
Charitable Remainder Trusts are tax-efficient vehicles that can boost your personal income while supporting the Florida Conference's mission. Two primary structures exist: the Charitable Remainder Annuity Trust (CRAT) pays fixed annual income based on the initial trust value, while the Charitable Remainder Unitrust (CRUT) provides variable annual income tied to the trust's yearly valuation.
Upon the final beneficiary's passing, remaining trust assets transfer to the Florida Conference to support its mission work.
Key Benefits
Income for Life or Fixed Term
Provides annual income to you or designated beneficiaries for life, or for a fixed term not exceeding 20 years.
Eliminate Capital Gains Tax
Transfer highly appreciated long-term assets into the trust and eliminate capital gains taxes on the sale of those assets.
Charitable Tax Deduction
Receive a potentially substantial federal income tax deduction in the year the trust is established.
How It Works
Transfer Assets into a Trust
You create a self-managed trust and transfer cash, securities, real estate, or other appreciated assets into it.
Receive Annual Income
The trust distributes annual income to you or your designated beneficiaries for life or a fixed term (up to 20 years).
Legacy Gift to the Conference
After the trust terminates, the remaining assets benefit the Florida Conference, establishing your commitment to legacy mission work.
Example
Dan and Joan converted $200,000 in appreciated property and stocks into a charitable remainder trust, which provided them $10,000 in annual payments for 20 years. They also received a charitable income tax deduction for the difference between the amount transferred and the present value of their retained income interest.