Charitable Remainder Trusts

If you have cash or an asset (stocks, bonds or real estate) that you have considered leaving to the Alberta Children’s Hospital Foundation in your Will but would like the tax benefit now, then a charitable remainder trust may be for you.                 

How does a Charitable Remainder Trust work?

You transfer the income-producing property to a trustee of your choice, who holds and manages it.  The trustee will then pay you and/or the named beneficiaries an annual income.  At the same time the Foundation will issue a donation receipt for the present value of the remainder interest.  When the trust terminates (either upon your death or the death of the named beneficiaries, or after a term of years), the remainder of the trust will be distributed to the Alberta Children’s Hospital Foundation. 

Benefits to You:

• You or your beneficiaries receive a lifetime income from the assets you donate to the Alberta Children’s Hospital Foundation.
• You receive immediate tax benefits to off-set your current income.
• Gifts of appreciated property can be structured to avoid capital gains tax.
• This type of trust is not included in the value of your estate, thus avoiding probate fees.
• Unlike a bequest, this type of gift cannot be challenged in court.
• You help us help kids.

Note: This type of gift is irrevocable (you cannot change the terms of the gift or trust).