CHARITABLE REMAINDER TRUSTS

A charitable remainder trust is an irrevocable trust that will pay you income for your lifetime for a term of years you select, not to exceed 20 years. The payments can be made either to you, or to one or more income recipients you select. Following your lifetime, assets remaining in the trust will come to Maryhurst’s endowment fund to further our mission.

There are two types of charitable remainder trusts: annuity and unitrusts. Both are similar in many respects. The primary difference is in the way the income payout is calculated. With both types of trusts, the value of the charity’s remainder interest must be at least 10 percent of the initial fair market value of all property placed in the trust.

Maryhurst, Inc., does not render legal, tax or other professional financial advice. You always should seek advice from an attorney or other professional advisor when considering making a charitable gift. For more information, please contact Judy Lambeth, President & CEO, at 502.245.1576, or Julie Roberts, Vice President for Development & Communications, at 502.271.4520.