Charitable Remainder Unitrusts

 

Charitable Remainder Unitrusts (CRUTs) are maintained as separate trusts within the Community Foundation, for which the Foundation acts as trustee. CRUTs provide income for beneficiaries based on a fixed percentage of the trusts' market value, recalculated annually. Upon the death of the surviving beneficiary and the termination of the CRUT, the amount remaining in the CRUT becomes a Foundation asset and, depending on your stated preferences, may be added to an existing fund of the Foundation or, if sufficient in size, used to establish a new charitable fund at the Foundation.