Charitable Remainder Annuity Trust
A charitable remainder annuity trust can be funded with cash or other assets. It provides you with fixed income, tax benefits, and supports Oceana with the remaining funds.
Benefits of a charitable remainder annuity trust
- Receive fixed income for life or a term of up to 20 years
- Avoid capital gains tax on the sale of your appreciated assets
- Receive an immediate charitable income tax deduction for the charitable remainder portion of your gift to Oceana
How a Charitable Remainder Annuity Trust Works:
- You transfer cash or assets to fund a charitable remainder annuity trust.
- If the trust is funded with appreciated assets, it can sell those assets tax-free.
- The trust is invested to provide fixed income for you or any other beneficiaries you choose, based on a life, multiple lives, or a term of up to 20 years.
- You receive an income tax deduction in the year you transfer assets to the trust.
- After all trust payments have been made, Oceana benefits from the remaining funds in the trust.
Contact us
If you have any questions about charitable remainder annuity trusts, please contact us. We would be happy to assist you and answer your questions. [email protected]