From The Nature Conservancy website:
Charitable Remainder Annuity Trust
Establishing a charitable remainder annuity trust with The Nature Conservancy is one of several ways you can receive a fixed income for life or term of years while making a major gift to support our work. Your charitable remainder annuity trust will help us protect habitat needed for birds like wood storks, grasshopper sparrows, and the southern bald eagle.
A charitable remainder annuity trust is similar to a charitable remainder unitrust. The main difference is that with an annuity trust your payments remain fixed for the term of the agreement.
Benefits Fixed Income
When you establish a charitable remainder annuity trust you transfer assets to a trust for the Conservancy's benefit and you receive fixed income from the trust -- a fixed payment you can count on!
Immediate Tax Savings
By creating a charitable remainder annuity trust, you qualify for an income tax charitable deduction in the year you make the gift. If you decide to fund your annuity with appreciated property, you may also be eligible for capital gain tax savings.
Leave A Legacy
After a term of years of the lifetime of your and/or your designated beneficiary's, the Nature Conservancy will use the principal remaining in the trust to preserve significant natural areas that protect threatened species like piping plovers.
Become A Legacy Club Member
Legacy Club membership is for those who wish to join the tradition of making a lasting gift. Membership is voluntary and without obligation -- it is our way of recognizing an extraordinary gift.
How It Works
The following chart illustrates the approximate federal income tax charitable deduction for an individual creating a $100,000 annuity trust with a 5% payout.*
Age Annual Income Income Tax Deduction
50 $5,000 $41,000
60 $5,000 $49,000
70 $5,000 $59,000
*These figures are for illustration purposes only. These figures will change based on your age, the size of the gifts used to fund the trust, the number of beneficiaries, the percentage to be paid out and the current IRS mandated discount rate. Please call us at 877-812-3698 for more information.
Calculate your own potential benefits from a charitable remainder annuity trust by visiting our planned giving calculator.
Gift Requirements
Minimum Age: 50
Minimum Dollar Amount: $50,000 for trusts funded with cash or securities
Making a Gift
For more information on charitable remainder annuity trusts or other gifts that provide income, please fill out our online form, e-mail legacy@tnc.org, or call us at 877-812-3698.
In order to provide you with a personalized proposal for a charitable remainder annuity trust, please let us know the date of birth of the income beneficiary and the approximate amount you are considering giving.
Information provided on our Internet site is not intended to be tax or legal advice. Please consult a qualified financial advisor before making a gift.