Charitable Trusts
Charitable Trusts Management Service
Charitable Trusts are great tools to help design your planned giving. Everyone has a different situation, different assets, different financial needs, and different charitable giving goals. For these reasons, Crewe Foundation Services can help you determine and design the perfect plan for you and your family. Our advisors can help you create a charitable trust tailored to your philanthropic and financial priorities.
Our foundation specialists have decades of experience in designing and crafting charitable gifts and endowments. We provide complete trust management to ensure your charitable trust is administered efficiently and compliantly. Let us custom-design your plan to fit your situation and goals. We will help from concept and creation to ongoing administration to maximize your benefits and to help you make the biggest impact with your gift.
Ready to Open Your Charitable Trust Account?
Charitable Remainder Trusts
A charitable remainder trust (CRT) is an irrevocable trust that is designed to provide an income stream for you and/or your spouse for a term of years or your lifetime. After the term of years or upon the death of the last beneficiary, the remainder of the trust transfers to your favorite charity or your foundation. A CRT can provide the following benefits:
- Income for You and/or Your Spouse During Your Lifetime
- Can be Funded with Appreciated Assets
- Receive a Partial Income Tax Deduction
- Reduce or Bypass Capital Gains Tax
- Reduce or Bypass Estate Tax
- Fund your DAF or Private Foundation After Your Death
A CRT is a powerful form of charitable giving trust that provides lifetime income and a lasting legacy.
Charitable Lead Trusts
A charitable lead trust (CLT) is an irrevocable trust that works inversely to a charitable remainder trust. Instead of providing an income stream to the beneficiaries, a CLT provides an income stream to one or more charities, or your own DAF or foundation, for a term of years. The remaining assets are transferred to family members or other beneficiaries at the end of the trust term. CLTs can provide the following benefits:
- Provides Income Tax Deductions
- Creates Gift Tax Savings on Transferred Assets
- Reduce or Bypass Estate Taxes
- Fund your DAF or Foundation Now Instead of After Death
Both CRTs and CLTs can facilitate charitable trust grants that align with your philanthropic values.
Both CRTs and CLTs come in multiple variations to fit your goals that should be considered as you plan your gift. We will help identify which type of trust will best create the charitable, financial, and estate benefits that you are seeking to accomplish. Charitable trusts are structured to offer significant charitable trust tax benefits while advancing your giving goals. Let our experienced staff design and illustrate the right plan for you. Click below to request a custom illustration.
Charitable Trusts Frequently Asked Questions
How much does a Charitable Trust cost?
The cost of establishing a charitable trust varies, but it typically ranges from $5,000 to $15,000 in legal and administrative fees. Ongoing maintenance, such as tax filings and trustee services, can add additional annual costs.
Can I manage my own Charitable Remainder Trust?
You cannot directly manage the trust’s assets if you are also a beneficiary, but you can appoint a trusted advisor or institutional trustee to oversee investments while maintaining influence over distribution preferences.
What is the difference between a CRT and a CLT?
A Charitable Remainder Trust (CRT) provides income to non-charitable beneficiaries first, with the remainder going to charity. A Charitable Lead Trust (CLT) does the opposite, charities receive income for a set period, and the remainder goes to heirs or other beneficiaries.
What are the advantages of a Charitable Trust?
Charitable trusts offer significant tax benefits, such as income tax deductions and estate tax reduction, while supporting philanthropic goals. They also allow for customized income streams and long-term giving strategies.