A charitable remainder trust is a unique arrangement that can enhance the retirement, investment, tax, and estate planning of the donor while providing future support to the Foundation. In its most basic form, the charitable remainder trust is where the person creating the trust irrevocably transfers money, stock, or other property to a trust that he or she has created. The trust arrangement directs the trustee to:
- Invest the property given to the trust
- Pay a specified annual income to the donor and/or another designated beneficiary for the life of the beneficiary or for a specified period of years
- Distribute the property to Columbus Regional Health Foundation at the death of the donor or other designated income beneficiary