If you have built a sizable estate and also are looking for ways to receive reliable payments, consider a charitable remainder trust.
These types of gifts may offer you tax benefits and the option for income. There are two ways to receive payments and each has its own benefits:
The annuity trust pays you, each year, the same dollar amount you choose at the start. Your payments stay the same, regardless of fluctuations in trust investments.
The unitrust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. The amount of your payments is redetermined annually. If the value of the trust increases, so do your payments. If the value decreases, however, so will your payments.
- Contact Katie Shames at 216-231-8006 or firstname.lastname@example.org to talk about supporting the Orchestra by setting up a charitable remainder trust.
- Seek the advice of your financial or legal advisor.
- If you include the Orchestra in your plans, please use our legal name and federal tax ID.
Legal Name: The Musical Arts Association
Address: 11001 Euclid Ave, Cleveland, OH 44106
Federal Tax ID Number: 34-0714468
Calculate Your Benefits
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