A charitable remainder trust is a special kind of irrevocable trust that you can establish either during your lifetime or in your will. Either way, Hadassah benefits, and so do you.
Consult with your estate planning attorney or other financial advisor to discuss whether a charitable remainder trust is right for you.
How does it work?
- You may establish a charitable remainder trust by donating funds (minimum $100,000) in cash or appreciated securities to Hadassah, and entering into a written trust agreement with Hadassah, naming Hadassah as the trustee and the ultimate beneficiary of the trust funds. As an alternative, you may establish a charitable remainder trust with a bank or other trustee of your choice and name Hadassah (and other charities) as the ultimate beneficiaries of the funds.
- The trust makes regular payments to you for life or, if you prefer, for a fixed term up to 20 years. You may also choose for others to receive payments, such as your spouse, children or grandchildren. The trust payout rate must be at least 5 percent. The trust payout is negotiated between you and the trustee you select to manage your charitable remainder trust.
- At the end of the trust term, the remaining amount in the trust is available for Hadassah's use.
With this type of gift you can:
- Receive a federal income tax charitable deduction for a portion of your gift’s value, depending on your tax situation.
- Pay no up-front capital gains tax when you donate appreciated assets.
- Potentially enjoy other tax benefits, depending on how the trust assets are invested.
- Provide long-term support for Hadassah's lifesaving and life-enhancing work.
Options to Consider
- Charitable Remainder Annuity Trust. This type of trust pays you, year after year, a fixed dollar amount you select at the outset. The payments are fixed, based on the starting valuation.
- Charitable Remainder Unitrust. This type of trust pays you, each year, a variable amount based on a set percentage of the value of the trust assets, recalculated annually.
Calculate Your Benefits
Submit a few details and see how a charitable remainder trust can benefit you.
- Contact us at 800-428-8884 or email@example.com with any questions.
- Seek the advice of your financial or legal advisor.
- Please use our legal name, address and Federal Tax ID if incorporating Hadassah into your estate plans.
Legal Name: Hadassah, The Women's Zionist Organization of America, Inc. Address: 40 Wall Street, New York, NY 10005 Federal Tax ID No.: 13-1656651
The information and content contained herein are intended for educational purposes only and are not intended to provide legal, tax or other professional advice or to be relied upon. We encourage you to consult with an attorney, tax advisor or accountant.
California residents: Annuities are subject to regulation by the State of California. Payments under this agreement, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. Oklahoma residents: A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department.
South Dakota residents: Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.
The information in this publication is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under this agreement, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.A copy of our most recently filed financial report is available from the Charities Registry on the New York State Attorney General’s website ( www.charitiesnys.com) or, upon request, by contacting the New York State Attorney General, Charities Bureau, 28 Liberty Street, New York, NY 10005, or us at (LegalAddress). You also may obtain information on charitable organizations from the New York State Office of the Attorney General at www.charitiesnys.com or (212) 416-8401.