Charitable Remainder Trust (CRT)

This trust makes payments to one or more beneficiaries for lifetimes, a fixed term or a combination of both. Assets are put into a trust, beneficiaries are paid, and when the trust term ends, the remainder in the trust passes to The Foundation for its charitable purposes. The donor names a Trustee to manage the trust and determines whether the payout will be fixed (a charitable remainder annuity trust (CRAT)) or variable (a charitable remainder unitrust (CRUT)). Trusts can be set up during the donor’s lifetime or by will. The Foundation encourages donors to consult their own legal counsel and tax advisors to create a charitable remainder trust. The Foundation will consider serving as Trustee for charitable trusts as long as the Foundation is named irrevocably as the beneficiary of at least 50% of the charitable portion of the trust.

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Heidi H. McPherson Chief Executive Officer (805) 543-2323