Donating Through a Charitable Remainder Trust
We first wanted to donate to charity. We had property that we no longer needed. We gifted this property to a Charitable Remainder Unitrust. The property was sold and the value invested. We received a substantial tax deduction and each year we receive income in quarterly payments.
We named the Dubuque Franciscans and two other charities to receive the balance of the trust after our deaths. Jo was educated by the Sisters and had an aunt in the congregation.
We have long believed that "From everyone to whom much has been given, much will be required."
Luke 12:48
-Johanna (Redmond) and Bob Deuker
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.