CHARITABLE REMAINDER TRUSTS

Click here to see if this gift is for you.

Click here to PICTURE A UNITRUST!

Click here to PICTURE AN ANNUITY TRUST!

If you are interested in maximum flexibility and effectiveness from your gift, consider a charitable remainder trust (CRT). These gifts can take two forms: Unitrusts and Annuity Trusts. In both forms, you irrevocably transfer assets to a trustee and receive an income tax deduction equivalent to the remainder value of the assets. The CRT pays income to a beneficiary (you or someone you designate) for a fixed term or for the lifetime of the beneficiary. At the end of this term, the assets in the CRT pass to the Opera. The forms differ in their payout structures:

A unitrust pays you and/or other beneficiaries income as a fixed percentage of the principal. The unitrust is revalued annually, and income in excess of the percentage payout is reinvested.
An annuity trust pays you and your beneficiaries a fixed payout from income or from principal when income is insufficient.

A unitrust may be structured to invest solely for growth for a term of years, an attractive way to help provide for future retirement, tuition needs or other capital while also making a substantial gift to Washington National Opera. An annuity trust may hold tax-free securities and pass tax-free income through to the beneficiaries.

You, your designees, or your financial institution may serve as trustee of a CRT. Washington National Opera is pleased to work closely with you and your advisors in arranging charitable trusts.

Example* Comparison of Benefits: Unitrust and Annuity Trust		*This example is based on a factor that changes monthly. Contact our office for a personal illustration based on the latest rates.
Assumptions:	> Beneficiaries aged 72 and 70 > 28% income tax bracket > Holding $100,000 in stock with $50,000 cost basis
.	Unitrust	Annuity Trust
Contribution	$200,000	$200,000
Income Rate	5%	5%
First Year's Income	$10,000	$10,000
Future Income	Variable	$10,000/year
Charitable Deduction	$87,210	$79,291

Thoughtful gift planning ensures maximum benefits for you and for the Opera. For additional information on planning your gift or for an individualized illustration, provided confidentially, please contact:

Washington National Opera
Steve I. Schneider, Esq., Director of Planned Giving
2600 Virginia Avenue NW, Suite 301
Washington , DC 20037
202-295-2418 | Fax: 202-295-2479
E-mail: sschneider@dc-opera.org

(Back to All Gifts-at-a-Glance)

The type of gift you make determines your tax benefits, and tax laws frequently change. You should consult your own legal and tax advisors regarding planned gifts to Washington National Opera.