Support & Involvement > How to Give > Planned Giving > Charitable Remainder Trust

Charitable Remainder Trust

As the donor, you transfer property (cash and/or other assets) to a trust that is created under the applicable laws of your state.

You may specify that payments from the trust be made to you and / or one or more other persons for life. Alternatively, you may choose to provide for income for a period of time up to 20 years, or certain combinations of lives and terms of years.

The amount of income received may be fixed at the time the trust is created, or it can be set to fluctuate over time with the value of the income produced by the assets in the trust. Payments may also be tax free or taxed at less-than-ordinary income rates.

At the end of the trust period, the property remaining in the trust (the charitable remainder) becomes the property of the charitable interest you designate.

Seminary policy requires that the minimum amount of the charitable remainder trust is $20,000. The minimum age for current income beneficiaries is 50, and the maximum number of income beneficiaries is 2. The minimum rate of return is 5% and the maximum rate of return is 8%.