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Charitable Remainder Annuity Trust for One or Two Lives
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A Charitable Remainder Annuity Trust (CRAT) is a popular type of planned gift.
To set up a CRAT, you transfer cash, securities or other appreciated property into a trust. The trust makes fixed annual payments to you or to anyone you name for your lifetime or for a fixed number of years. When the trust ends, the principal passes to the Miller-Dwan Foundation.
Benefits include:
- An immediate income tax deduction for a portion of your contribution to the trust.
- No capital gains tax on any appreciated assets you donate.
- You or your designated income beneficiaries receive stable, predictable income for life or a term of years.
This gift calculation is only a sample of how planned giving tools can work for you. Please contact us, or your attorney or accountant, for more detailed information.
Input Descriptions
Full Name. Please enter the full name of the donor as you would like it to appear on
the report.
Transfer Value. Enter the combined fair market value of all assets you would like to
transfer. This can be as little as
$50,000 or as much
as $100,000,000.
Annuity Rate. Enter the Annuity Rate as a percentage (e.g. 5.0, 6.23). This rate will be
multiplied by the trust's asset value on the date of transfer to compute your
level annual income. The lower the annuity rate, the higher the deduction.
This value must be between 5.0 and
50.0.
Beneficiary 1 DOB. Enter your date of birth as MM/DD/YYYY (e.g.
10/21/1932). The year must include the century.
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