Arrange a trust for Christian Horizons using cash, bonds, securities, real estate or another tangible asset. You’ll be making a gift today but still benefit from the income for the rest of your lifetime
A charitable remainder trust – like a gift of residual interest – allows you to arrange your legacy gift now and receive an immediate tax receipt, while enjoying the interest income or use of the gifted asset for life.
To establish a charitable remainder trust, you fund the gift by irrevocably transferring assets (a sum of money, securities, personal or real property) into a trust to be managed by a trustee (a financial institution, yourself or a lawyer). A trust document names the interest income beneficiary (you or perhaps your child with exceptional needs) and names Christian Horizons as the remainder beneficiary. While there may be capital gains tax payable, you receive a receipt based on the net present value of the remainder interest.