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A charitable remainder trust allows you to make a gift today (of cash, securities or real estate) while, at the same time, maintaining the right to receive income interest from the gift for life. The balance of the assets in the trust (the remainder interest) is given upon death to the Mount.

Furthermore, you could be issued a charitable tax receipt immediately for a portion of the funds set up in the trust for the Mount (depending on your age and the amount given to the trust) and thus receive a substantial tax refund – despite the fact that you will get a life income from the donated assets.

Benefits
• Donor retains income generated from property
• An immediate tax receipt is issued for present value of remainder interest
• Gift is not subject to probate