How do I donate with a charitable remainder trust (CRT)?
A trust is established when you irrevocably transfer assets (cash, bonds, securities, personal or real property) to McMaster Divinity College. This trust provides a beneficiary (you or a loved one) with interest income during life, or a period of time decided upon in advance. The remaining capital is used for the intended purpose at McMaster Divinity College, upon the death of the beneficiary, or at the conclusion of the predetermined term. You may also fund a CRT through your will.
What are the benefits?
As with any charitable donation, you may designate your gift to the area that is the most meaningful for you – and you may also provide an unrestricted donation to support the College’s greatest needs.
You will receive an immediate charitable tax receipt for the net present value of the remainder interest.
You or your beneficiary (which can include your spouse) will receive a steady stream of income from the interest earned by the trust, either for life or during the pre-determined term.
When securities are donated to fund a CRT, you no longer have the responsibilities of financial management, unless you wish to act as trustee.
A CRT removes specific assets from your estate, which reduces probate fees and may make your estate less susceptible to being contested.
These gifts are important sources of future income for MDC, which allows the College to plan ahead for years to come.
Your Legacy for the Future
Please contact us for gift illustrations and more detailed information on the benefits of a charitable remainder trust. We would be pleased to work with you to draft a letter of intent that will ensure your donation is designated according to your wishes.
Ask us about other tax-smart and strategic ways to make a future gift tailored to your personal timeline and charitable goals. Once your needs and those of your loved ones have been met, please consider supporting future generations at McMaster Divinity College.
Contact John Steadman at firstname.lastname@example.org or 905.525.9140 x23325 to discuss any of this information.
Legal Name: McMaster Divinity College
Charitable Registration Number: 11903 5970 RR 0001
Primary Address: McMaster Divinity College, 1280 Main Street West, Hamilton, ON L8S 4K1, Canada