CHARITABLE REMAINDER ANNUITY TRUST. Provides a fixed dollar payment of at least 5% of the initial gift (by law). When the trust earns more than the annuity payment, the excess is added to the principal but does not affect the payment ever. If the trust earns less than the payout rate, the principal is invaded to make the payments to the donor.
an irrevocable trust and the trust assets are never revalued
Charitable Remainder Annuity Trust. This allows you to transfer property to a trustee (like St. Lawrence) subject to your right to receive a fixed percentage of the initial fair market value of the property for as long as you live (or for a period of up to 20 years). The remainder in the trust ultimately goes to St. Lawrence.
Used to describe a Charitable Remainder Annuity Trust, whereby your annual income is determined by a percentage of the trust when it is created. The amount of that annual income does not change in subsequent years.
Charitable remainder annuity trust. A trust that pays a fixed amount of income annually to a non-charitable beneficiary. The remainder goes to charity.
Charitable Remainder Annuity Trust. A charitable remainder trust that pays a fixed amount annually to a non-charitable beneficiary, with the remainder going to charity. The donor cannot make additional contributions to this type of trust.
Charitable Remainder Annuity Trust. This type of charitable trust provides an annual payout based on the market value of the assets as of the date the trust is established. Therefore, this payout will remain constant over time. Also, a CRAT can only be funded at the time of acquisition, and cannot accept additions to the trust at any time.
Charitable Remainder Annuity Trust. Highly appreciated, low yield property may be transferred into a living remainder annuity trust. The individual selects an annuity amount or a percent of the initial fair market value that will be paid for one or two lifetimes. The annuity amount will be fixed and will not change regardless of the value of the trust principal or the return of the trust. The charity received the trust principal after all income payments have been completed.