Trusts
The Well-Done Gift
"Well done, good and faithful servant." Stewardship is not just about giving – it is also about giving wisely.
When you make a gift to CRISTA Ministries, you’ll want to make the very most of your gift. A charitable remainder trust is one way to make sure that you maximize the value of your gift. Maybe you own stocks, bonds, or mutual funds that are highly appreciated. Perhaps you own a second home or vacant land that is worth quite a bit more than what you initially paid for the property. If so, you may want to consider placing the property in a charitable remainder trust.
Once in the trust, the asset can be sold by the trustee without incurring tax on the capital gain. The proceeds from the sale of the asset (less the costs of sale) are invested to provide a flow of income to you or your loved ones. At the end of the trust, normally upon the death of the income beneficiaries, the remaining principal is used to benefit the CRISTA family of ministries.
If you were to sell the property, a portion of the proceeds would be lost to capital gains taxes. The greater the amount of appreciation, the higher the capital gain tax liability. The higher your tax liability, the less money you have for your needs and purposes. A charitable remainder trust allows you to unleash the full potential of your gift.
For more information on making a gift through a charitable remainder trust, click here, or contact us by email at plannedgiving@crista.net or by phone at 206-546-7203.