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Donors who would like to make a gift to charity but still retain some benefit from the assets contributed could consider a Charitable Remainder Trust (CRT).


In general, a completed charitable gift requires an irrevocable transfer to charity and relinquishment of control.  A CRT allows for a donor to retain an income interest in property transferred to charity, with the remainder interest passing to charity at death or the end of a specified term.   The donor receives a charitable contribution deduction based on the value of the remainder interest that will ultimately pass to charity.


For example, a donor might transfer a piece of appreciated real estate to a CRT.  The property could be sold by the CRT with the sales proceeds invested by the CRT.  The CRT would pay the donor, annually or more frequently, an amount based on a percentage of the value of the property held in the CRT.  The value of the gift of property to the CRT can be determined based on IRS actuarial tables. At the end of the trust term, the charity would receive the assets remaining in the trust.


The foregoing is a general discussion of charitable giving strategies and not intended as tax advice.  Donors should consult with their own tax advisors regarding the impact of various charitable giving strategies on their specific tax and financial planning objectives.


Rossmoor Scholarship Foundation is a nonprofit public benefit corporation exempt from tax under IRC section 501(c)(3).  Its federal tax identification number is 94-6126368. It. The address of the Foundation is P.O. Box 2056, Walnut Creek, CA 94595



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