Charitable Remainder Trusts
Charitable remainder trusts are a way for donors to make a
sizable commitment while maintaining the use of their assets for
the duration of their life or the term of the trust. Assets
placed in the trust can include: cash, stocks, bond, securities
and other investments.
If you establish a charitable remainder trust, you will
receive a tax receipt for the present value of your assets
calculated using life expectancy and prevailing discount rates
at the time the trust is established.
By establishing a charitable remainder trust, you will:
- receive a charitable tax receipt at the time the trust
is established;
- be able to carry the excess tax credit forward for up to
five years if your gift exceeds 75% of your net income in
the year that the gift is made;
- receive lifetime income from your donation;
- avoid probate and maintain the privacy of the details of
your gift.
For more information on charitable remainder trusts, please
contact Martha Drake, Executive Director, Advancement, by email
at mdrake@utschools.ca
or by telephone at 416-946-0097.
This information is general in nature and does not
constitute legal or financial advice, and should not be relied
upon as a substitute for professional advice. We strongly
encourage you to seek professional legal, estate planning and/or
financial advice before deciding on your course of action.
