Deferred/Planned Giving
Charitable Remainder Trust
A donor can create a charitable remainder trust by irrevocably transferring money, securities or other assets to a trust that will then pay an income for life or for a period of years to income beneficiaries. At the death of the last income beneficiary, the remaining principal in the trust is distributed to the Diocese or your designated parish. A charitable remainder trust maybe especially attractive for a donor who has a highly appreciated asset producing little or no income.
- Charitable Remainder Annuity Trust - Pays a fixed payment based upon a percentage of your initial gift for one or more lives.
- Charitable Remainder Unitrust - Pays an amount equal to a percentage of the trust value at the beginning of each year.
Taxation:
- The beneficiary is taxed on income received (ordinary income or capital gain).
Benefits:
- Tax deduction based on the present value of the gift to the Diocese.
- Avoidance of capital gains tax.
- Increased income
To learn more about ways to give to the Diocese of Raleigh, its parishes, schools, ministries and Catholic Charities please contact the Office of Stewardship and Advancement at (919) 821-9721, or by email to tim.breslin@raldioc.org.