Charitable Remainder Trusts
For People, then for Charity
Through Charitable Remainder Trusts, Richmond Jewish Foundation helps philanthropic Jews balance their personal financial needs with their obligation to Tzedakah (charity or justice). These trusts generate income to meet immediate needs or those of loved ones, while creating a lasting endowment ready to respond to future needs and issues confronting the Jewish community.
To establish a Charitable Remainder Trust, a donor sets aside cash, securities, real estate or other valuable property in a fund administered by the Foundation. The donor decides who will receive income from the funds, how that income will be distributed, and over what period of time.
After all benefits are paid to one or more family members, or other person or persons selected by the donor, the remaining funds are utilized for charitable purposes according to the donor's stated desire. Many choose for at least a portion of the funds to become part of the Foundation's permanent unrestricted fund (the Genesis Fund).
Charitable Remainder Trusts trusteed by Richmond Jewish Foundation provide the benefits of income back to the donor or others for life or a term of years, significant current and future tax savings and a remainder that can create a permanent endowment for your favorite charity or charities.