A Charitable Remainder Trust is a type of charitable trust that provides you and/or other beneficiaries with income for life or a specified period of time and thereafter distributes the remaining assets to Museum of Glass. An immediate income tax charitable deduction is available for an amount equal to the present value of what the museum can be expected to receive when the trust ends.

Charitable Remainder Trusts give you the flexibility to design a trust to meet your individual goals: You can select the beneficiaries, the trustees, the distribution rate, and the type of trust. A Charitable Remainder Unitrust pays an annual distribution based on the value of the principal, revalued annually. With a Charitable Remainder Annuity Trust, annual distribution is fixed and is based upon the value of the principal at the time of the gift. Since each trust is individually tailored, there is more flexibility in the type of property that can be donated.

For more information contact Rosanne Nichols, Director of Advancement at 253.284.4730 or rnichols@museumofglass.org. All inquiries are confidential and without obligation.

This information is of a general nature. Advice from your own legal and tax counsel should be sought when considering any gift arrangement.