Charitable remainder trusts

A trust is a legal agreement that specifies how assets placed under the trust will be managed by an assigned trustee. A charitable remainder trust is an effective way to provide you with an income for life and know that after your lifetime, the property remaining in the trust will be used by the Canadian Cancer Society. This is a deferred gift, which means that the proceeds from a gift commitment made now will be realized by the Canadian Cancer Society sometime in the future.

Entering into a charitable remainder trust agreement with the Canadian Cancer Society simply means that you leave a capital donation to the Society while you are still alive. The trustee pays regular income to you and/or other beneficiaries you name from the trust for life or for a term of years. When the trust terminates, the trustee pays out the remaining trust assets to the Canadian Cancer Society.

Advantages

• A charitable remainder trust allows you to make a guaranteed significant gift to the Society, here and now.

• Know that you are making a major difference in helping to conquer cancer.
• You will receive an income for life.
• A charitable remainder trust offers freedom from investment decisions.
• A charitable remainder trust ensures that your wishes will be carried out exactly as you have specified.
• A charitable remainder trust ensures your gift is not subject to probate, estate taxes or possible challenges to your will.
• A charitable remainder trust provides immediate tax benefits.

More about charitable remainder trust

For more information

If you would like to receive additional information or assistance with charitable remainder trusts please contact our Manager, Personal Giving at the New Brunswick Division office by  e-mail or by phone at 1 800 455-9090.

Last modified on:  26 June 2008

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