Charitable Remainder Trusts

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Are you looking for ways to give the Monterey Bay Aquarium a significant gift? If you have built a sizeable estate, you may want to learn about the advantages of setting up a charitable trust. There are several trust options that allow you to customize your gift to meet your personal, charitable and financial goals.

The charitable remainder annuity trust and charitable remainder unitrust let you or other named individuals receive income each year for life or a term of years from assets you give to the trust. After the life of the named individuals or set period of years, the balance in the trust goes to the Monterey Bay Aquarium.

The charitable lead trust pays a set amount each year to the Aquarium for a term of years. At the end of the term, the balance of the trust goes back to the donor or named individuals.

A charitable remainder annuity trust and charitable lead annuity trust pay a fixed amount each year and are more attractive when interest rates are low. A charitable remainder unitrust and a charitable lead unitrust pay a variable amount each year based on the value of the assets in the trust.

The mission of the nonprofit the Monterey Bay Aquarium is to inspire conservation of the ocean.

Check Out This Potential Scenario

crtRoger and Theresa own $500,000 in stock that is worth 10 times today what they paid for it a decade ago. Roger and Theresa had considered selling the stock, but did not like the idea of paying capital gains tax. Instead, they saw a smart way to help themselves and the Monterey Bay Aquarium at the same time. They transferred all of the stock to a tax-exempt charitable remainder annuity trust and received an immediate federal income tax charitable deduction. The trust sold the stock and invested the proceeds. Because the trust is tax-exempt, it does not have to pay taxes on the $450,000 capital gain Roger and Theresa earned from the stock. The trust is set up to pay Roger and Theresa a fixed amount of $25,000 for 20 years (5 percent of the initial donation). At the end of the 20-year term, the remaining assets in the trust will pass to the Monterey Bay Aquarium to inspire conservation of the ocean.

Learn How to Fund It

You can use the following assets to fund a charitable remainder trust:

Calculate Your Benefits

Gift Illustrator

Submit a few details and see how a charitable remainder trust can benefit you.

Next Steps

  1. Contact Mary Mullen at 831-648-4913 or lastinglegacy@mbayaq.org to talk about supporting the Aquarium by setting up a charitable remainder trust.
  2. Seek the advice of your financial or legal advisor.
  3. If you include the Aquarium in your plans, please use our legal name and Federal Tax ID.

Legal Name: Monterey Bay Aquarium
Address: 886 Cannery Row, Monterey, CA 93940
Federal Tax ID Number: 94-2487469

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