Charitable Remainder Trust
A charitable remainder trust is a trust into which a donor irrevocably places assets in exchange for an income either for life or for a term of years. As the donor, you may fund the trust with cash, marketable securities or real estate. The minimum value of your gift must be $25,000. At the end of the trust term or when all income beneficiaries pass away, the remaining principal transfers directly to Burke Rehabilitation Hospital as the remainder beneficiary for any use you designate. The donor receives an immediate income tax deduction for this remainder value. You will receive income at a rate to which you and Burke agree, with a minimum of 5% of the initial trust principal.

There are two basic types of charitable remainder trusts. They are:

The Charitable Unitrust - trust income is based on a fixed percentage of the fair market value of the trust, revalued annually. Your income will vary from year to year.

The Charitable Annuity Trust - trust income is based on a fixed dollar amount. Your annual income will remain fixed for the life of the trust.