Charitable Remainder Trust

 


Giving through a Charitable Remainder Trust allows you to receive income for the rest of your life, knowing that whatever remains will benefit your community.


How it works

  • You transfer cash, appreciated stocks, real estate, or other assets into a trust.
     
  • You receive an immediate charitable tax deduction for the charitable portion of your trust.
     
  • The trust pays you or a beneficiary you designate regular income payments.
     
  • Upon the beneficiary’s death or after a defined period of years, the remaining assets in the trust transfer to the  Foundation.
     
  • We set up a fund in your name, in the name of your family or business, or in honor of any person or organization  you choose.
     
  • We handle all the administrative details after the fund is established, issuing grant awards to charities in the name  of the fund.
     
  • Your gift can be placed into an endowment that is invested over time. Earnings from your fund are used to make  grants addressing community needs. Your gift — and all future earnings from your gift — is a permanent source of  community capital, helping to do good work forever.

States across the country are experiencing an unprecedented transfer of wealth as estates change hands from one generation to the next. By 2020 in Kansas alone the transfer of wealth is estimated to be $79 billion, and will increase to $598 billion by 2064.

Many people designate their entire estate to their children. Since more people leave the communities where they were raised much of the inherited wealth leave, too. The Keep 5 in Kansas campaign promotes capturing 5% of the estate wealth which could be up to $4 billion going back to communities.