Charitable remainder trusts are an excellent way to convert real estate and other appreciated assets into lifetime income and a generous gift to charities you care about.
A charitable remainder trust provides you or other named individuals income each year, for life, or for a period of years, from assets you give to the trust you create. At the end of the trust term, the balance of the trust will go to one or more charities of your choosing, such as American Prairie.
A properly drafted charitable remainder trust can meet a variety of retirement, estate and charitable planning needs, and many donors are attracted to the flexible funding and payout options.
Choosing your trustee
Trustees ensure that charitable remainder trusts accomplish their two-fold mission—providing life benefits to beneficiaries and channeling remainder funds to charities. Trustees are responsible for valuing the trust’s assets and investing the trust’s assets, as well as making distributions to the trust’s income beneficiaries and charitable beneficiaries.
Individuals, charities or financial institutions such as banks or trust companies may serve as trustee, and an income beneficiary of the trust may also serve as trustee.
At this time, American Prairie is not positioned to serve as trustee of a charitable remainder trust.
Join the Prairie Legacy Society at American Prairie
The Prairie Legacy Society honors those demonstrating a remarkable commitment to the prairie by naming American Prairie a beneficiary of their will, trust, or other legacy gift.
We would love to welcome you as a member of the Prairie Legacy Society. Even if you wish for your gift to remain anonymous, notifying us of your intent allows American Prairie to honor your gift and plan for the future.
To request a Prairie Legacy Society gift plan to American Prairie, or for more information on planned giving, please contact Samantha Beebout at samantha@americanprairie.org or call (406) 595-0947.
