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 named Providence foundation.

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 dogSusan, 75, wants to make a gift to Providence but would also like more income in the future. Susan creates a charitable remainder unitrust with annual lifetime payments to her equal to 5% of the fair market value of the trust assets as revalued annually. She funds the trust with assets valued at $500,000.

Susan receives $25,000 the first year from the trust. Subsequent payment amounts vary each year depending on the annual valuations of the trust assets. She is eligible for a federal income tax charitable deduction of $300,540* in the year she creates and funds the trust. This deduction saves Susan $95,173 in her 32% tax bracket.

*Based on a 2.0% charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.

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Next Steps

  1. Contact Laurie Kelley Mary Whitney Brett Beck Tina Gilson Mark Johnson Molly Swain Lon Dufek & Megan Crane Lon Dufek & Megan Crane Lon Dufek & Megan Crane Lon Dufek & Megan Crane Lon Dufek & Megan Crane Lon Dufek & Megan Crane Lon Dufek & Megan Crane Lon Dufek & Megan Crane Lon Dufek & Megan Crane Lon Dufek & Megan Crane Lon Dufek & Megan Crane at 971-678-3369 or laurie.kelley@providence.org mary.whitney@providence.org brett.beck@providence.org plannedgiving@providence.org mark.johnson4@providence.org molly.swain@providence.org gary.crum@providence.org Lon.Dufek@providence.org Lon.Dufek@providence.org Lon.Dufek@providence.org Lon.Dufek@providence.org Lon.Dufek@providence.org Lon.Dufek@providence.org Lon.Dufek@providence.org Lon.Dufek@providence.org Lon.Dufek@providence.org Lon.Dufek@providence.org Lon.Dufek@providence.org to talk about supporting Providence by setting up a charitable remainder trust.
  2. Seek the advice of your financial or legal advisor.
  3. If you include Providence in your plans, please use our legal name and federal tax ID.

Legal name: Providence National FoundationProvidence Marianwood FoundationProvidence TrinityCare Hospice FoundationProvidence General FoundationProvidence Hospice and Home Care Foundation of Snohomish CountyProvidence Mount St. Vincent FoundationProvidence Hospice of Seattle FoundationProvidence Children's Health FoundationProvidence Benedictine Nursing Center FoundationProvidence Community Health Foundation - Southern OregonProvidence Hood River Memorial Hospital FoundationProvidence Milwaukie FoundationProvidence Newberg Health FoundationProvidence Portland Medical FoundationProvidence St. Vincent Medical FoundationProvidence Seaside Hospital FoundationProvidence Willamette Falls Medical FoundationProvidence Foundations of Oregon
Address: 4400 NE Halsey Street, Suite 599, Portland, OR 972133725 Providence Point Dr. SE, Issaquah, WA 980295315 Torrance Blvd. #B1, Torrance, CA 90503916 Pacific Avenue, Everett, WA 982011615 75th St. SW, Suite 210, Everett, WA 982034831 35th Ave. SW, Seattle, WA 981262811 S. 102nd Street, Suite 220, Tukwila, WA 98168830 NE 47th Ave., Portland, OR 97213540 Main St., Mt. Angel, OR 97362940 Royal Ave., Suite 410, Medford, OR 97504810 12th St., Hood River, OR 9703110150 SE 32nd Ave., Milwaukie, OR 972221001 Providence Dr., Newberg, OR 971324805 NE Glisan St., Portland, OR 972139205 SW Barnes Rd., Portland OR 97225725 S. Wahanna Road, Seaside, OR 971381500 Division Street, Oregon City, OR 97045P.O. Box 3375, Portland, OR 97208
Federal tax ID number: 94-307854391-755428833-026101691-104161727-255274991-118811991-207727893-080014091-194028693-069290793-092199094-307951593-088914493-123149493-057598293-092732093-1003750Select your foundation to view

Discover More

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

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