Recent federal legislation, the SECURE 2.0 Act of 2022, permits a taxpayer to make a one-time $50,000 distribution directly from an IRA to a charitable remainder trust or a charitable annuity and make a one-time election to treat the contributions as if they were qualified distributions made directly to a charitable organization.
A charitable gift annuity (CGA) is a contract between a donor and a qualified charity in which the donor makes a gift to the charity. In exchange, the charity assumes a legal obligation to provide you and up to one additional beneficiary with a fixed amount of monthly income that continues until the last beneficiary dies.
A charitable remainder trust (CRT) is an irrevocable trust that generates a potential income stream for you, as the donor to the CRT, or other beneficiaries, with the remainder of the donated assets going to your favorite charity or charities.
If you’re interested in learning more about how these giving options can provide you or a loved one with income while benefiting the work of Albertina Kerr, please reach out to Scott Shlaes, Chief Development Officer, at 503.317.5205, [email protected], or visit Planned Giving Home.
Currently, 54 individuals or couples have shared their commitment to supporting Kerr’s mission through Charitable Gift Annuities, Charitable Remainder Trusts, and including Kerr in their estate plans.