Charitable Remainder Trust (CRT)
A Charitable Remainder Trust (CRT) enables individuals to turn appreciated assets into reliable income while supporting ministry. These trusts can be established with an Adventist charity or directly with WAF, providing lifetime or term-based income to the donor or others, with the remaining funds benefiting a charitable organization.
Important Information about CRTs
Irrevocable
CRT agreements cannot be undone after they've been fully ratified.
Variable Payment
CRT payments, with the exception of CRATs, will likely vary on an annual basis.
Termination
The final CRT payment is based on the agreement's terms, which may include a lifetime, a set term of years, or a combination of both.
Dear Friends,
For those with appreciated assets, Charitable Remainder Trusts (CRTs) offer a flexible way to support your favorite ministry while receiving income. With a CRT, donors can make a gift, avoid immediate capital gains tax, and receive payments for life or a set term.
What is a CRT?
A CRT is a legal trust that pays annual income to one or more individuals—either for life or a set number of years. At the end of the term, the remainder goes to ministry. CRTs are especially useful when donating real estate or appreciated securities, offering potential income tax deductions and bypassing upfront capital gains tax.
Key Benefits
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Asset-Based Funding: Usually funded with appreciated assets like real estate or stocks
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Flexible Payouts: Income for one or more individuals, for life, a fixed term, or both (if secondary beneficiaries are named)
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Immediate Deduction: Generally, there is an Immediate charitable deduction based on trust terms
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Tax-Optimized: No immediate capital gains tax on the sale of donated assets
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Charitable Remainder: Remaining value supports your chosen ministry
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Variable Option: Compare with a CGA, which has a fixed payment. CRTs can have variable payments, calculated annually based on the trust value (with the exception of CRATs)
How to Get Started
If you’re considering a CRT, contact your preferred ministry or contact WAF to explore next steps and request an initial personalized illustration.
INFORMATIONAL APPLICATION (fillable PDF):
Please contact WAF before proceeding with the application (below).
READY TO PROCEED?
CRT applications should be completed with the assistance of a certified development officer from the appropriate ministry or organization. Once all of the appropriate documentation is prepared, please mail it to WAF for processing.
USPS:
Western Adventist Foundation
Attn: Development Dept.
PO BOX 15430
Scottsdale, AZ 85267
FEDEX or UPS:
Western Adventist Foundation
Attn: Development Dept.
13825 N Northsight Blvd A-201
Scottsdale, AZ 85260