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Charitable Remainder Trusts

Discover which type of charitable trust best fits your estate plan with the FREE guide Trusts: Choose From 2 Win-Win Ways to Donate.

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Looking for a way to give Tidewell Hospice a significant gift? If you have built up a sizeable estate and are also looking for ways to receive reliable payments, you may want to check out the advantages of setting up a charitable remainder trust.

Benefits of a charitable remainder trust include:

  • A partial charitable income tax deduction
  • Potential for increased income
  • Up-front capital gains tax avoidance

There are two ways to receive payments with charitable remainder trusts:

The annuity trust pays you, each year, the same dollar amount you choose at the start. Your payments stay the same, regardless of fluctuations in trust investments.

The unitrust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. The amount of your payments is redetermined annually. If the value of the trust increases, so do your payments. If the value decreases, however, so will your payments.

Check Out This Potential Scenario

Woman happySusan, 60, wants to make a gift to Tidewell Hospice but would also like more income in the future. Susan creates a charitable remainder unitrust with annual lifetime payments to her equal to 6 percent of the fair market value of the trust assets as revalued annually. She funds the trust with assets valued at $250,000.

Susan receives $15,000 the first year from the trust. Subsequent payment amounts vary each year depending on the annual valuations of the trust assets. She is eligible for a federal income tax charitable deduction of $81,305* in the year she creates and funds the trust. This deduction saves Susan $22,765 in her 28 percent tax bracket.

*Based on annual payments and a 2.4 percent charitable midterm federal rate. Deductions vary based on income earned.

Learn How to Fund It

You can use the following assets to fund a charitable remainder trust:

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Discover which type of charitable trust best fits your estate plan with the FREE guide Trusts: Choose From 2 Win-Win Ways to Donate.

View My Free Brochure

Not Sure How to Begin Planning?

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Next Steps

  1. Contact Denise Pope, CFRE at (941) 552-7658 or dpope@tidewell.org to talk about supporting Tidewell Hospice by setting up a charitable remainder trust.
  2. Seek the advice of your financial or legal advisor.
  3. If you include Tidewell Hospice in your plans, please use our legal name and federal tax ID.

Legal Name: Tidewell Hospice, Inc.
Address: Sarasota, FL
Federal Tax ID Number: Please contact us for our federal tax ID number.