Charitable Remainder Trust

A charitable remainder trust is a legal arrangement allowing you to receive the income from the trust during your lifetime and assign the trust capital as a gift in the future to Feed Nova Scotia. You receive a charitable tax receipt now for the calculated future value of the trust. When creating the trust you will name a trustee to manage the trust. When the trust is terminated, either upon your death or at end of the period of time stipulated by the trust document, the assets are delivered to Feed Nova Scotia.

If you fund the trust with appreciated property there will be a deemed disposition for tax purposes, but the tax credit from the donation receipt often will more than offset the tax owing.