• Give cash or marketable securities to the trust.
• Decide a fixed amount to be paid to you (and/or a loved one you choose) each year from the trust.
• Receive a sizable income tax charitable deduction in the year you establish the trust when you itemize on your tax returns.
• Support our critical needs with the assets that remain in the trust after your lifetime.

Example: This year, Earl, 76, gives $100,000 in cash to an annuity trust. He chooses a lifetime income of $5,000 each year for himself and his 75-year-old wife, if she survives him. Earl is entitled to a charitable deduction of $45,095 (assuming annual payments and a 3.4 percent charitable midterm federal rate). He takes this deduction on his federal income tax return this year, up to 50 percent of his adjusted gross income, carrying over any excess up to five years. At the termination of the trust, Earl's trustee will distribute the balance to a Genesis Foundation.

To learn more about charitable remainder annuity trusts, contact Steve Goebel, CFRE at 309-281-4392 or goebels@genesishealth.com. We would be happy to help you and work with your professional advisors if necessary.