Charitable Remainder Trust
Giving through a Charitable Remainder Trust allows you to receive income for the rest of your life, knowing that whatever remains will benefit your community.
How it Works
You transfer cash, appreciated stocks, real estate or other assets into a trust. You receive an immediate charitable tax deduction for the charitable portion of your trust. The trust pays you, or a beneficiary, regular income payments. Upon the beneficiary’s death or after a defined period of years, the remaining assets in the trust transfer to the Community Foundation of Greater Flint.
We establish a fund in your name, in the name of your family or business, or in honor of any person or organization you choose. We handle all the administrative details after the fund is established, issuing grant awards to charities in the name of the fund.