GiftLaw Calculator - Charitable Remainder Annuity Trust for Term of 1-20 years

Charitable Remainder Annuity Trust for Term of 1-20 Years

Gift Date

Enter the date of the gift. Example: Mo/Day/Yr, 7/14/2000. If you enter an invalid date, such as a letter or blank, the system will default to the current date.

Rate of the Month

The current Rate of the Month (AFR) will display in the drop down box. Choose one of the three rates offered.

Donor

Enter the name of the Donor. You may use such titles as "Mr.", "Mrs.", "Dr.", "Rev.", "Jr.", etc.

Beneficiary

Enter the name of the Beneficiary. You may use such titles as "Mr.", "Mrs.", "Dr.", "Rev.", "Jr.", etc.

Term of Years Years

Enter the term of years the trust will last, i.e., distribute income to the named beneficiary(ies). The term cannot exceed 20 years.

Trust Amount $

Enter the amount of cash or the fair market value (FMV) of the asset(s) used to fund the CGA. For assets such as real estate, closely-held stock and other hard to value assets, the FMV would be the appraised value of the property on the date of the gift.

Payout %

Enter the percent income payout to the donor. You must select a trust percent payout of 5% or more.

Payment Frequency Monthly Quarterly Semiannual Annual

Select either monthly, quarterly, semiannual, or annual income payments to the beneficiary(ies) of the income. The choice of payment frequency does affect the amount of the charitable deduction as the more frequent the payment (i.e. monthly as opposed to annually), the smaller the donor's tax deduction.

National Ambassador, Katie Forbrich

On a recent milestone birthday, Katie Forbrich found herself thinking about her earliest days. Like so many, she and her older brother had been adopted out of OLV Infant Home. And, like so many, her thoughts never seemed to have left the "City of Charity" completely, no matter where life took her.

National Ambassador, Maggie Best

When one listens to Maggie Best talk about Father Nelson Baker and his legacy of caring, the OLV organizations, it's hard not to get enthused.

National Ambassador, Bobby and Haley Kovey

Amid a very competitive business industry, Bobby Kovey sought God's guidance to ensure his ethics and morals were always the top priorities of his work within the family business he and his wife, Haley, had built.

National Ambassador, Nick Sawicki

"Father Baker is a beacon of hope, inspiring me every day," says Nicholas Sawicki, a native of Lackawanna, N.Y, who now lives in New York City and serves as special assistant to the president and editor-in-chief of America Media, publisher of the popular America magazine.

National Ambassador, Tom Sheehan

Mary touches hearts. Such is the belief of a native of Western New York, Tom Sheehan, who now serves as Dealer Principal of Sheehan Buick GMC in Pompano Beach, Florida.

Vukelic Donor Story: A Family Tradition

For generations, the Vukelic Family has weaved threads of gold into a tapestry of love for the fragile, vulnerable, neglected, and rejected children here at "Father Baker's." The family...

The Beck Family

The Beck Family has ties to "Father Baker's" that go back nearly 100 years and Carol Beck continues to maintain this legacy. After emigrating from Austria and the Czech Republic to Johnsonburg, Pennsylvania...

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