CHARITABLE REMAINDER TRUST

NOW IS THE TIME

Giving Today Providing for Tomorrow

In today’s environment of high interest rates, there is an excellent opportunity for those who are charitably inclined to make a future gift to the Dreyfoos School of the Arts Foundation while also keeping an income stream for themselves for a set period of time. This strategy can lead to a substantial charitable tax deduction.  

With the current federal gift and estate tax exemption of $13,990,000, donors can also remove significant wealth from their estate, passing it on to heirs tax-free while still achieving their charitable goals. 

A charitable remainder trust is a tool that can benefit you, your family, and the Dreyfoos School of the Arts. Here is an example: If you decide to fund a $1,000,000 gift but want to retain $70,000 a year for your personal use over the next 10 years, you can invest the fund to earn an average of 5.0% per year through dividends and appreciation. After 10 years, the remaining balance would go to Dreyfoos. 

In this case, you would receive a charitable tax deduction of $469,827 in the year you make the gift, $700,000 in cash over the 10 years, and Dreyfoos would receive $748,442 at the end of that period based upon the current IRS tax tables (February 2025).

The Dreyfoos School of the Arts Foundation does not provide legal, financial, or tax-planning services. This information is provided for general educational and informational purposes only, and should not be construed as legal, financial, or tax advice. Neither the Dreyfoos School of the Arts Foundation nor its representatives can guarantee specific financial or tax outcomes. Past performance does not guarantee future results.

To learn more about these strategies, we encourage you to speak with your legal and financial advisors, and you may contact:
John Richards, Major Gifts Officer
Dreyfoos School of the Arts Foundation
(561) 805-6298