A charitable remainder trust allows you to convert appreciated securities or real estate into income for life or a term of years without incurring capital gain tax when the asset is sold. The appreciated asset is transferred into the trust and is then sold by the trustee. The proceeds are reinvested, and you and/or another designated beneficiary(ies) receive income for life or a specified term of years. When the trust terminates, the remainder is distributed to Guide Dogs For the Blind.
Two Kinds of Charitable Remainder Trusts:
- Annuity trust - Income payments are fixed and determined when the trust is set up. The annuity trust is attractive to individuals who wish to avoid market risk.
- Unitrust - The income you receive is a set percentage of the value of the trust's assets, which is revalued each year.
Guide Dogs can serve as trustee of your charitable remainder trust. Typically, Guide Dogs serves as trustee for charitable remainder trusts that name Guide Dogs as an irrevocable beneficiary.
Our planned giving team is available to consult with you and your advisor about the different charitable trust options and can provide illustrations on how the trust operates in your particular circumstances.
Advantages of a Charitable Remainder Trust
- Income for life or a term of years
- An immediate income tax deduction
- Avoidance of capital gain tax at the time of the gift
- Potential for increased Income on low-yielding assets
- Membership in our Legacy Society
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Guide Dogs for the Blind
For more information To request a brochure on charitable gift annuities and/or to receive a personalized illustration showing the benefits of establishing a charitable gift annuity, please complete our request for personal information form or contact the planned giving office at 1-800-295-4050.
