A Charitable Remainder Trust is a descriptive title for a trust that makes payments to you or your family and when the trust terminates, whatever is left in the trust (the remainder) is distributed as gifts to ministry. There are several types of trusts, but your stewardship goals and assets would determine the best type. A trust may be funded with cash, publicly traded securities, and/or real estate.
Two commonly used Charitable Remainder Trusts are the straight-pay, or Unitrust, and Annuity Trust.
Establishing a Charitable Remainder Trust can be complicated and should start with consulting your Gift Planning Counselor / Financial Advisor for more information.