Planned Giving

What is a Charitable Remainder Trust (CRT)?
A CRT is an irrevocable trust that allows you to make a differed charitable gift and receive an income tax deduction in the year in which the trust is established. A CRT provides for and maintains two sets of beneficiaries. The first are income beneficiaries for example you and, if married, your spouse. As an income beneficiary you may receive a set percentage of income for your lifetime from the trust. The second set of beneficiaries is the non-profit you name. If you name Overland Missions, we will receive the principal of the trust after the income beneficiaries pass away.


What are the benefits of establishing a CRT with Overland Missions?
A CRT may offer substantial tax benefits. Since their assets are destined for a non-profit, CRTs do not pay any capital gains taxes. Highly appreciated stock or real property are ideal assets to fund a CRT. In addition, a CRT is not considered part of your estate by the IRS for estate tax purposes. Moreover, because CRTs benefit a charity, you also qualify for an income tax deduction based on the present value of the remainder interest going to the charity. Most of all, your generosity assists Overland Missions in achieving God’s call.


To inquire in more detail about any of our planned giving options, please contact Richelle Lopez by e-mail: richelle@overlandmissions.com or by phone 321-452-9696