Charitable Remainder Trust

For charitable-minded individuals nearing or in their retirement years, a charitable remainder trust is an excellent way to earn income for a period of time or for life, while also contributing to St. John the Baptist Catholic Church. 

A charitable remainder trust is an irrevocable trust used to enable you to give money or property to charities, while continuing to receive income (fixed or variable) from the property for life or for a period of time. 

You and/or other beneficiaries receive distributions from the trust annually, and St. John the Baptist Catholic Church receives the assets remaining in the trust when the trust ends.  A charitable remainder trust can be funded with most types of assets, but since minimum distributions to income beneficiaries are required, it may be preferable to use cash or other highly appreciated assets, such as marketable securities. 

BENEFITS

• Income for you and/or other beneficiaries
• Partial income tax deduction for up to five years after the gift is made
• Benefit of a deferred capital gains tax on the sale of the trust assets
• May result in a reduction or even the elimination of estate taxes
• Makes a difference in people’s lives and our parish community far into the future
• Carries on your legacy

Legal name and address to use when naming St. John the Baptist Catholic Church as a beneficiary of a charitable remainder trust:
St. John the Baptist Catholic Church, 1015 Baker Street, Costa Mesa,  CA  92626. 
Federal Tax ID #: 952111195.

For assistance and information about establishing a Charitable Remainder Trust that will benefit St. John the Baptist Catholic Church in the future, contact:

Tony Manrique, Director of Parish Advancement, at (714) 540-2214 x160 or at [email protected]