1948 EHS grad to donate $700k Sep 19, 2008
Storms said he hopes the money will inspire others to give, possibly through a charitable remainder trust, like he set up. He points out that you can t take it with you. (Ellensburg Daily Record, WA)
25 richest small-cap executives Jun 17, 2008
Includes 100,000 shares held in the T. Kendall Hunt Charitable Remainder Trust and 1,011,300 shares held indirectly through the estate of Barbara J. Hunt, with Mr. Hunt as executor of the estate. LAST UPDATE: Jun 16 2008 | 9:05 AM ET. (CNN -- Money)
One (Blue) Devil of an endowment offer Feb 6, 2008
The new product is a type of charitable remainder trust, or CRT, that allows investors to contribute a pot of money to Duke that pays a fixed percentage of the investment for a set period of time or for the life of the donor. Once the payment period runs out, Duke gets the leftover money - but the donor can specify into which program at Duke the funds go. (Raleigh Triangle Business Journal, NC)
Form of annuity trust benefits donor, nonprofit Dec 17, 2007
The annuity trust -- one form of the charitable remainder trust -- has become more popular specifically among individuals who want to give but also want a little something in return, said estate planning attorney Matt Madsen of Lewis, Rice & Fingersh. According to Madsen, it's more common among those who are self-made versus those who have inherited their wealth. (St. Louis Business Journal, MO)
Free Easy-to-Use Time Savers That All Realty Agents Should Have: Part II Oct 9, 2007
Wikipedia also covers most realty terms, including the more sensitive or arcane ones such as charitable remainder trust, 1031 property exchange and most everything you'd ever want to know about the minutia of the real estate field itself. There you have them -- the four great FREE tools that EVERY real estate agent should have to save huge amounts of time over a year, and even make you less graphically-challenged and suddenly seeming smarter to your clients. (RealtyTimes)
Philanthropy changing amidst wealth boom Sep 19, 2007
A charitable remainder trust (CRT), for example, can allow a client to continue receiving income while allowing them to make a tax free charitable contribution. In a CRT, individuals can make a donation to a trust, incurring a tax benefit for the present value of the donation. (FT.com -- Markets)
Fremont couple gives seven-figure gift to area foundation Aug 31, 2007
The final gift amount from the Olsons will establish a charitable remainder trust for the benefit of the foundation. A charitable remainder trust will allow the Olsons to fund an immediate gift to the foundation, while retaining the option to receive an annual percentage of the interest generated by the trust for personal use over a number of years. (Fremont Tribune, NE)
Tapping a School's Investment Savvy Jul 13, 2007
The hitch: You have to be willing to donate at least $100,000 via a charitable remainder trust ... To tie part of your fortune to an endowment, you must first spend about $3,000 to $5,000 to set up a charitable remainder trust. (BusinessWeek)
League for Animal Welfare Jun 5, 2007
Ask your financial advisor about the tax advantages of donating appreciated assets or establishing a charitable remainder trust. Check out our and see what supplies are needed at the shelter. (FOX19.com, OH)
Ruling affects ND endowment Mar 22, 2007
"We are very excited about this opportunity for Notre Dame," Gorman said, celebrating the opportunity to expand both the charitable remainder trusts' corpora and the University endowment at the same time. A charitable remainder trust, she said, is an income-producing gift that provides an annual payout to one or more income beneficiaries, or charitable organizations, during the donor's remaining lifespan or any contracted term. (The Observer, IN)
Charity donations help families in long-run Dec 2, 2006
Charitable Remainder Trust Under the family foundation format, this trust will create income for the donors for the remainder of their lives with the balance transferred to their own family foundation upon their death that will continue to give in perpetuity. This creates a family legacy as the foundation continues to donate after the benefactor has passed. (FOX 11, AZ)
Schwab Charitable(TM) Launches Advisor-Managed Charitable Trust Services Oct 25, 2006
Leading national donor-advised fund adds charitable remainder trust offering to expand selection of strategic philanthropic options for donors and advisors SAN FRANCISCO, Oct. 24 /PRNewswire-FirstCall/ -- Schwab Charitable(TM), which operates one of the country's largest and fastest growing donor-advised funds, today announced the launch of Charitable Trust Services, establishing a suite of services that gives donors a new way to support charities and gives independent investment advisors a... (PR Newswire)
Giving while living Oct 5, 2006
" Here are a few examples: 1. Charitable remainder trusts allow a person to donate cash or appreciated assets to a trust that can sell the property and distribute proceeds to the donor on a tax-beneficial basis. This is a good strategy for younger donors, especially those 55 and under, said Sacha Millstone, an investment adviser with the Millstone Evans Group of Raymond James & Associates in Boulder. For a couple with children, she recommends a multi-pronged strategy. First, set up a charitable... (Denver Business Journal, CO)
Kinyons give $250,000 to UMR football Oct 4, 2006
Kinyon previously established a 1 million charitable remainder trust for the Division of Kinesiology at the University of Michigan, which was the largest gift ever received by that division. He earned his bachelor s degree in physical education from Michigan in 1952 and later earned a master s degree in education from the institution while serving on the football staff. (Rolla Daily News, MO)
Three in line at land bank Sep 18, 2006
"He said he was concerned that the town may purchase a property that officials down the road may decide really isn't appropriate for municipal needs.Wheeler said she really didn't see a downside, as the town could always sell the property.The town received bids from Sweeney Charitable Remainder Trust and Colonial Realty Trust, which offered a total of 37 acres off West Acton Road for $4 million; Steve Glover, who offered his Athens Street property for $2.2 million, or $2.9 million with its... (Boston Globe -- Local)
Donations used to enhance hospital services Sep 1, 2006
Gifts can be made as cash or in one of the following gift documents: charitable gift annuity, charitable remainder trust, estate, life insurance policy, living trust, will, or other planned gifts. Donors can also make a gift in honor or in memory of someone special. (Columbia City Post and Mail, IN)
Trusts help do good, get tax benefit Aug 13, 2006
The most popular type is called a charitable remainder trust. It allows you to contribute assets such as cash, stock or other securities. (AZCentral -- Business)
Trust can yield tax benefits Jul 23, 2006
One way to reap tax benefits while donating to a good cause is to visit a lawyer and create what's called a charitable remainder trust. This trust allows you to contribute assets such as cash, stock or other securities. (Orlando Sentinel -- Business)
Quarry Hill vote pushed to November Jun 17, 2006
The town accepted a gift of 320,000 from the Anne Bailey Charitable Remainder Trust for the purpose of building a recreation center. John Blamey of Medomak Valley Community Foundation said the town likely would not use the funds for several years since the gift represented only 10 percent of the cost of a recreational facility. (Rockland Courier Gazette, ME)
Read more... Jun 1, 2006
The Sants' gift, in the form of a charitable remainder trust, will be used to help permanently protect 125 million acres an area roughly the size of California in one of the planet's most biologically diverse regions. Working with the Brazilian government, the World Bank, and others, the World Wildlife Fund launched the Amazon Region Protected Area initiative four years ago with the goal of establishing 70 million acres of strictly protected conservation areas, transforming 31 million acres... (PNN Online)
Passing Your Business to Your Heirs Apr 24, 2006
This technique allows you to transfer the entire business to a charitable remainder trust, which pays income to designated beneficiaries during their lifetimes and donates the remainder to charity upon their deaths. Your business goes in trust, and your children buy a life insurance policy for you. (Entrepreneur)
