A Charitable Remainder Trust (CRT) presents an opportunity for a donor to provide lifetime income for one or more recipients while leaving a sizeable gift to the donor's favorite ministry. The donor also receives an income tax deduction and may bypass capital gain taxes. This vehicle enables a donor to transfer assets to an irrevocable trust in exchange for current (or, in some cases, deferred) payments for the donor's life, for the lives of loved ones and/or for a term of years. At the termination of the trust, the remainder is used to benefit the Baptist ministry of the donor's choice. Charitable remainder trusts may be established during life or at death through your will or revocable living trust. Payout percentages are negotiated with the donor, if the Foundation is the trustee, but usually range between five and seven percent.

The financial advantages of a Charitable Remainder Trust include:

• An income for you and any other person you name
• An income tax charitable deduction for a portion of the fair market value of the assets placed in the trust
• Avoidance of up-front capital gains taxes if funded with appreciated assets otherwise to be sold.

Contact Sue Clifton at 800.949.9988 or sclifton@bfok.org for more information.