Charitable Remainder Trust

Charitable Remainder Trusts

Charitable Remainder Trusts are a tax savvy way to increase personal income while providing a generous gift for Florida Conference’?s future.

There are two main types of Charitable Remainder Trusts: a Charitable Remainder Annuity Trust (CRAT) and a Charitable Remainder Unitrust (CRUT).

The Charitable Remainder Annuity Trust (CRAT) pays a fixed annual income based on the initial value of the trust.
The Charitable Remainder Unitrust (CRUT) pays a variable annual income based on the trust’s value in the year of the payout.

A Charitable Remainder Trust provides many benefits but is generally created to provide additional income for the donor, the donor?s spouse, and/or other beneficiaries while eliminating capital gains tax on the sale of highly appreciated assets held for longer than one year. Upon the death of the last income beneficiary, the balance in the trust is distributed to Adventist Frontier Missions. This deferred gift may also afford you a charitable income tax deduction.

Benefits

Benefits of a Charitable Remainder Trust include:

Establishes your commitment to a legacy of Great Commission work.

Annual income to you or whomever you choose and possible additional income to your heirs for a term not to exceed 20 years

Potentially substantial federal income tax deduction*

Elimination of capital gains tax on the sale of highly appreciated assets

Simply stated, a Charitable Remainder Trust is created when you transfer assets to a trust you create. The trust then provides you with annual income for life (or a fixed term not to exceed 20 years.) At the end of the trusts term, Florida Conference receives the balance of what is left in the trust.

 

Example

Dan and Joan contacted Florida Conference about how to convert non-income producing assets into additional income for themselves in a way that would also benefit the Lord?s work. If they sold the property on their own they would have to pay significant capital gains tax. Ultimately, they decided to transfer $200,000 in appreciated property and stocks into a trust. The trust terms provide a payment of $10,000 to them annually for the next 20 years. Plus, they will receive a tax deduction for the difference between the $200,000 and the present value of their retained income interest as determined by current IRS regulations.

To explore the benefits of a specific gift, please contact our Planned Giving Specialist at 407-644-5000.

 

About Us


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A Better Choice
Books • Deli • Natural Foods

351 S. State Road 434

Altamonte Springs, FL 32714-3824

Phone: (407) 644-4255?•?Fax: (407) 618-0274

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Store Hours:
Sunday: 10:00 a.m.-3:00 p.m.
Monday-Wednesday: 9:00 a.m.-5:30 p.m.
Thursday: 9:00 a.m.-7:00 p.m.
Friday: 9:00 a.m.-3:00 p.m.
Saturday: Closed

Deli Hours:
Sunday: Closed
Monday-Wednesday: 9:00 a.m.-5:30 p.m.
Thursday: 9:00 a.m.-7:00 p.m.
Friday: 9:00 a.m.-3:00 p.m.
Saturday: Closed

Camp Kulaqua General Store (ABC Branch)
23400 NW 212 Ave.
High Springs, FL 32643
Phone: (386) 454-7956?•?Fax: (386) 454-7976

Hours*:
Sunday: 10:00 am-3:00 pm
Monday-Wednesday: 9:00 am – 5:30 pm
Thursday: 9:00 am -7:00 pm
Friday: 9:00 am – 3:00 pm
Saturday: Closed

*open for special events as needed

Express Delivery Schedule
Avoid shipping costs by placing an ABC order to be delivered to a location as scheduled below. Orders must be made by phone or e-mail before 5:30 p.m. on the Thursday before a scheduled Sunday delivery: (407) 644-4255  or FloridaABC@floridaconference.com

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About Us


The Adventurer Club is a Seventh-day Adventist Church-sponsored ministry open to all families of children in grades 1-4. Our mission is to support parents and caregivers in leading and encouraging their children in a growing, joyful love relationship with Jesus Christ.
The first few years of a child’s life sets the stage for their future.  For parents/families of pre-K through fourth grade children, our Adventurer Clubs provide a safe place to encourage the development of the necessary social and interpersonal skills they need, in an environment that promotes Christian values and responsibilities.
Families will learn a variety of topics together, from character building, nature, hobbies, safety, and much more. This club also has parenting tips and resources through the family network and is designed to help you be the best parent/caregiver you can be as you partner with your child and other families to grow your kids to be the best they can be. Most clubs meet twice a month.

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