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Charitable Remainder Trusts
Charitable remainder trust allows the donor (or a beneficiary) to receive income
for life or for a specified period. The donor irrevocably transfers property
to AAAS, in most cases using cash, real estate, or appreciated assets. Upon
termination of the trust, AAAS will use the remaining trust assets for a purpose
specified by the donor. The advantages of a charitable remainder trust include:
- You will receive income for life or for the term of the trust.
- If you make your gift with low-yielding securities or other assets, you
may increase your current income.
- If you make your gift with appreciated securities, you may avoid capital
gains taxes.
- You will receive an immediate income tax deduction for a charitable contribution.
- You may reduce your estate tax.
- You will become a member of the "1848 Society".
- Through your gift, you will create a legacy for AAAS that is meaningful
to you.
There are several different types of remainder trusts, including a unitrust
and an annuity trust. A unitrust is a remainder trust where the income fluctuates
based on the fair market value of the trust. An annuity trust is a remainder
trust where the income payments are fixed for those who wish to avoid risk.
If you would like to receive more information about charitable remainder trusts
or if you would like us to provide income calculations specific to your situation,
please contact AAAS's Director of Development Juli Staiano by e-mail or by calling 202-326-6636 or 1-800-215-1969. All information
will be treated with strict confidence.
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