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If you have a sizeable estate and seek ways to receive reliable payments, consider a charitable remainder trust. The trust pays income to your chosen beneficiaries for their lifetime or a specified number of years. At the end of the term, the assets pass to The UA Foundation. These types of gifts may offer tax benefits and the option for income. There are two ways to receive payments, each with its own benefits:
- The Charitable Remainder Annuity Trust (CRAT) pays you, each year, the same dollar amount you choose at the start. Your payments stay the same, regardless of fluctuations in trust investments.
- The Charitable Remainder Unitrust (CRUT) pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. The payment amount is redetermined annually. If the trust value increases, so do your payments. If the value decreases, however, so will your payments.