Solutions for Large Donations
The Advantages of a Charitable Remainder Trust
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If you have built a sizeable estate and also are looking for ways to receive reliable payments, consider a charitable remainder trust.
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
Calculate Your Benefits
Submit a few details and see how a charitable remainder trust can benefit you.
- Contact Sandi Smith at (312) 464-4701 or firstname.lastname@example.org to talk about supporting the AMA Foundation by setting up a charitable remainder trust.
- Seek the advice of your financial or legal advisor.
- If you include the AMA Foundation in your plans, please use our legal name and federal tax ID.
Legal Name: The American Medical Association Foundation
Address: Chicago, IL
Federal Tax ID Number: #E9990-0718-06
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.