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.

 

 

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