Charitable Remainder Annuity Trust

Charitable Remainder Annuity Trust Diagram. Description of image is listed below.

How It Works

  1. Create trust agreement stating terms of the trust; transfer cash or other property to trustee
  2. Trustee invests and manages trust assets and makes payments to income beneficiaries you designate
  3. Remainder to Corewell Health for purposes you specify

Benefits

  • Payments to one or more beneficiaries that remain fixed for the life of the trust
  • Federal income-tax deduction for the charitable remainder value of your interest
  • No capital-gain tax when trust property is sold
  • Trust remainder will provide generous support for Corewell Health

More Information

Contact Us

Lawrence Ghannam, JD
Development Director
947.522.0112
Lawrence.Ghannam@corewellhealth.org

 

Corewell Health Foundation
26901 Beaumont Blvd., Floor 5D
Southfield, MI 48033
Federal Tax ID Number: 38-1459362

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