If you have built a sizable estate and also are looking for ways to receive reliable payments, consider a charitable remainder trust. This type of trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create. At the end of the trust term, the balance in the trust goes to Placer Food Bank.
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 us to talk about supporting Placer Food Bank by setting up a charitable remainder trust.
- Seek the advice of your financial or legal advisor.
- If you include Placer Food Bank in your plans, please use our legal name and federal tax ID.
Address: 8284 Industrial Avenue, Roseville, CA 95678
Federal tax ID number: 94-1740316
Planned giving info sheet here