The Benefits of a Charitable Remainder Trust

From honoring a loved one to saving taxes to generating income for life, a planned gift lets you take care of you and yours while ensuring the vital future of Baystate Health.

Do more than you thought possible through charitable giving and financial planning. From honoring a loved one to saving taxes to generating income for life, a planned gift lets you take care of you and yours while ensuring the vital future of Baystate He

A charitable remainder trust (CRT) pays you and/or other designated recipients an income for life or for a specified number of years. After that time, the balance of the trust is applied to the purpose you have designated at Baystate Health Foundation and/or other charities.

To create a charitable remainder trust, you transfer cash or appreciated assets such as stock or real estate to a charitable trust. You can establish a CRT during your life or through your estate.

Benefits include:

Annual income for you and/or a loved one.
Immediate tax deduction and other tax benefits.
If you gift appreciated assets or property which you sell within the trust, you may eliminate up-front capital gains tax.
The opportunity to create a lasting legacy to honor a loved one.
The joy of creating a future gift for one or more charities, such as Baystate Health Foundation.

To learn more about this giving option or view a personalized illustration, visit our life income gifts page or reach out to Kylie Johnson at 413.794.7789 or Kylie.Johnson@BaystateHealth.org.