You can leave your Legacy of Pride will also creating an income stream for you or your family.
CHARITABLE Remainder TRUST
A charitable remainder trust, or a CRT, is an irrevocable trust that generates a potential income stream for you or other beneficiaries, with the remainder going to Horizons. You can name yourself or someone else to receive a potential income stream for a term of years, no more than 20, or for the life of one or more non-charitable beneficiaries, and then name Horizons to receive the remainder.
With a CRT, you have the potential to take a partial income tax charitable deduction when you fund the trust, which is based on a calculation on the remainder distribution to Horizons.
There are two main types of charitable remainder trusts:
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This information is not intended as legal, accounting, or other professional advice. For assistance in charitable giving, always engage the services of a qualified professional.