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The following should not be construed as financial or legal advice. Please contact your CPA or attorney regarding legacy gifts via a will or trust.
A charitable remainder trust allows you to provide an income for yourself or someone else, while also supporting the work of the HRRA Foundation. The assets (cash, stocks, bonds, real estate, etc.) that you contribute to the trust are held and invested and the beneficiaries receive income from the trust during its term.
The trust provides you with an immediate income tax deduction and you avoid capital gains taxes if appreciated assets are used to fund the trust. When the trust ends, the remaining funds go to support the charity(ies) you have designated.