Sample language for your will or living trust
A Charitable Remainder Trust (CRT) is a popular planning tool for people who own highly appreciated property. With a CRT, you can transfer the property to a trust and sell it without incurring any capital gains tax.
This irrevocable trust is placed into an interest-bearing account and provides payments to one or more beneficiaries for life or for a set number of years -- whichever you choose. At the end of the trust term, Wycliffe Foundation receives the remainder for the purposes you have designated.
You can make this gift through cash, publicly traded stock, closely held stock, bonds and other assets. Your receive an income tax deduction equal to the value of the remainder interest the year you fund the trust. Wycliffe Foundation doesn't draft or trustee these agreements, but the Foundation will facilitate the arrangement and consult with a professional adviser for further assistance with this plan.
Different CRTs for different situations
There are several types of CRTs. Here are a few examples:
A Charitable Remainder Annuity Trust (CRAT) provides fixed payments to the beneficiary(ies) each year, with the remainder of the trust supporting the ministry or project of your choice.
The Charitable Remainder Unitrust (CRUT) provides fluctuating payments each year, dependant on the market value of the unitrust. At the end of the trust term, the gift will support the Wycliffe organization of your choice.
See how a trust would work for you
Go to our custom calculator. Just select the remainder trust you'd like to explore further, fill out the form and click "Calculate." Detailed results, customized to your particular situation, will appear on the screen.
Call toll-free (866) 379-7746 or e-mail
today. You can also directly contact a Wycliffe Foundation gift planning associate in your area. Your GPA can help you plan your estate to help get the Bible into the hands of the world's one billion Bibleless people.
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