Charitable Remainder Trusts

Charitable remainder trusts are residual income gifts, whereby a donor transfers property to a trustee who holds and manages it. If the property is income producing, the net income will be paid to the donor and/or other named beneficiary. Charitable donation tax receipts, when applicable, are determined by a formula based on the donor’s life expectancy and an appropriate discount rate for his or her gift. When the trust terminates, the trust remainder is distributed to the MUHC Foundation