CHARITABLE TRUSTS:
There are several different types of Charitable Trusts, but the most common type is the Charitable Remainder Trust. With this type of trust, a donor transfers cash or appreciated property to the Trust which will make payments to them for their lifetime or a term a years whichever they choose. The Navigators, the donor, or a trusted advisor can serve as the Trustee for the Trust. If the donor has contributed property or business assets, the trust will then sell the property in a tax-free sale because the trust is tax exempt and then invest the principal to pay you the income. You will receive a charitable tax deduction for a portion of the value of the property that you have transferred to the trust and there will be no capital gain tax on the sale of the asset. When the trust ends, the principal in the trust will go to The Navigators to be used to multiply laborers for Christ around the world.
The trust can either pay you a fixed annuity payment each year, known as a Charitable Remainder Annuity Trust (CRAT) or a designed percentage of the fair market value of the principal of the trust, known as a Charitable Remainder Unitrust (CRUT), whichever you choose. You can also delay payments from the trust until later years to allow the principal to grow in value in its tax-free environment. This will enable you to receive larger income payments in the future. We invite you to browse through the buttons below to find out more.
