Greater Lehigh Valley Visiting Nurse Association
501 North 17th Street, Suite 200
Allentown, PA 18104
Phone: 610.395.2500
888.905.2500
Fax: 610.432.1675
Charitable Remainder Trusts
A Charitable Remainder Trust allows a donor to receive income and arrange a future gift that will benefit Greater Lehigh Valley Visiting Nurse Association patients. Income can be distributed over multiple lifetimes or for a term not to exceed 20 years. Income is calculated by taking a minimum, 5% of the trust market value. With a charitable remainder annuity trust, the income is fixed for the term of the trust. A charitable remainder unitrust recalculates the amount annually increasing or decreasing income dependent on investment experience (rates may be limited by IRS regulation).
There are many tax benefits attributed to the use of a charitable remainder trust. At inception, a charitable deduction is available relative to the charitable remainder (a unitrust can receive additions creating other potential deductions). Capital gains tax exposure from highly appreciated assets can be reduced and spread over a period of time.
To defer income tax liability or to assist with addressing the sale of trust real estate, a net income election can be made for a unitrust. You can provide for changing the income calculation through the attainment of an event, to increase income at a later date (known as a flip trust).
Multiple charities may be designated as beneficiaries, while reserving the right to change your election at a later date.
For more information contact:
Donald J. Gemmiti
Development Director
Greater Lehigh Valley Visiting Nurse Association
1170 Berkshire Blvd.
Wyomissing, PA 19610
(610) 378-0481 ext. 3234
A Charitable Remainder Trust allows a donor to receive income and arrange a future gift that will benefit Greater Lehigh Valley Visiting Nurse Association patients. Income can be distributed over multiple lifetimes or for a term not to exceed 20 years. Income is calculated by taking a minimum, 5% of the trust market value. With a charitable remainder annuity trust, the income is fixed for the term of the trust. A charitable remainder unitrust recalculates the amount annually increasing or decreasing income dependent on investment experience (rates may be limited by IRS regulation).