Charitable Remainder Trust

Solutions for Large Donations

If you have built a sizable estate and also are looking for ways to receive reliable payments, consider a charitable remainder trust. This type of trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create. At the end of the trust term, the balance in the trust goes to the Archdiocese of Seattle.

These types of gifts may offer you tax benefits and the option for income. There are two ways to receive payments and each has its own benefits:

The annuity trust 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 unitrust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. The amount of your payments is redetermined annually. If the value of the trust increases, so do your payments. If the value decreases, however, so will your payments.

An Example of How It Works

Woman hugging dog You are 75 and want to make a gift to the Archdiocese of Seattle but would also like more income in the future. You create a charitable remainder unitrust with annual lifetime payments equal to 5% of the fair market value of the trust assets as revalued annually. You fund the trust with assets valued at $500,000.

You receive $25,000 the first year from the trust. Subsequent payment amounts vary each year depending on the annual valuations of the trust assets. You are eligible for a federal income tax charitable deduction of $290,360* in the year you create and fund the trust. This deduction saves you $92,915 in your 32% tax bracket.

*Based on a 5.2% charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.

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Next Steps

Contact Erin Oest-Larsen at 206-382-4563 or plannedgiving@seattlearch.org to talk about supporting the Archdiocese of Seattle by setting up a charitable remainder trust.
Seek the advice of your financial or legal advisor.
If you include the Archdiocese of Seattle in your plans, please use our legal name and federal tax ID.
If interested in making a planned gift to your local Parish and/or Parish School, please contact them directly with any questions. Planned gifts intended to support a Parish or School should be coordinated with the Parish or School on-site contact. Please also don’t hesitate to contact plannedgiving@seattlearch.org with any questions.

Legal name: the Corporation of the Catholic Archbishop of Seattle
Address: 710 9th Avenue, Seattle, WA 98104
Federal tax ID number: 91-0778147

Discover More

See which type of charitable trust best fits your estate plan with the FREE guide Trusts: Choose From Two Ways to Donate.