Charitable Remainder Trusts
If you have built a sizeable estate during your career and wish to use that to make a significant and life-changing gift to the Michigan Masonic Charitable Foundation, you may want to consider setting up a charitable remainder trust.
A charitable remainder trust provides you and other named individuals, such as your spouse or children, with income payments for up to 20 years, based on the assets you place in the trust. At the end of the trust period, whatever is remaining in the trust is left with the Michigan Masonic Charitable Foundation.
There are two types of charitable remainder trusts:
- An annuity trust pays you the same dollar amount annually that you choose from the start. The payments stay the same, regardless of the performance of the trust investments.
- A unitrust pays you a variable amount annually based on a fixed percentage of the fair market value of the trust assets. The amount of your payments is redetermined each year. If the value of your trust investments increase, so do your payments; but likewise if the value decreases, your payments decrease as well.
A charitable remainder trust can be set up and funded using cash, securities, retirement plan assets or real estate.
- Contact the Michigan Masonic Charitable Foundation at 1-800-994-7400 or via email at firstname.lastname@example.org to discuss supporting Michigan Masons by setting up a charitable remainder trust.
- Contact your legal or financial advisor to discuss the impact and options available to you
- If you include the Michigan Masonic Charitable Foundation in your estate plans, use the following information:
Legal Name: Michigan Masonic Charitable Foundation
Address: 1200 Wright Ave., Alma, MI 48801
The information on this web site is not intended to serve as legal, financial or tax advice. Please contact an attorney, financial or tax advisor. Figures in examples are for illustration only. References to tax rates include federal taxes only and are subject to change. Your State’s laws may further impact your individual outcomes.