With a charitable remainder trust (CRT), you can make a significant future gift to students and education, receive income from the capital for life, and realize tax benefits now.
By entering into a charitable remainder trust, you can make a significant deferred gift to the NIC Foundation. The actual gift – or capital – has been legally promised to NIC upon your passing, but you will receive the income earned by the capital during your lifetime. You will also immediately receive a tax receipt for the value of your gift, which can be applied towards current and future income.
Our website information is intended as a general overview only and not as legal or tax advice.
Please consult with a qualified professional advisor to determine the best strategy for your situation.