Memorial Sloan Kettering

A Lifetime of Benefits

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2 | A Lifetime of Benefits Feel Secure About Giving Back With a Charitable Remainder Trust Planning Guide If you're looking for a tax-smart way to support Memorial Sloan Kettering Cancer Center, consider a charitable remainder trust. This unique gift can provide you with a stream of income, may help you save taxes, and will ultimately benefit the Center in its fight to cure cancer. The Basics A charitable remainder trust is a special kind of irrevocable trust funded with cash or other assets. The trust makes regular payments to you for life or, if you prefer, for a fixed period of time up to 20 years. You may also choose for others to receive payments from the trust, such as your spouse, children, or grandchildren. At the end of the trust term, the remaining amount in the trust is available for the Center's use. A charitable remainder trust may help defer or eliminate up-front capital gains tax and, depending on your circumstances, may offer more financial benefits than keeping an asset or selling it outright.

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