Charitable Remainder Trust

Next Steps

  1. Contact the Planned Giving & Endowments team at 202.488.6591 or planned_giving@ushmm.org to talk about supporting the Museum by setting up a charitable remainder trust.
  2. Seek the advice of your financial or legal advisor.
  3. If you include the Museum in your plans, please use our legal name and federal tax ID.

Legal name: United States Holocaust Memorial Museum
Address: 100 Raoul Wallenberg Place, SW Washington, DC 20024-2126
Federal tax ID number: 52-1309391

A Gift That Pays it Forward to You and the Museum

If you have built a sizable estate and also are looking for ways to receive reliable income, consider a charitable remainder trust (CRT). This type of trust provides you and/or other named individuals income each year for life (or joint lives) or a period not exceeding 20 years. You can fund the CRT with an irrevocable gift of cash or appreciated assets. At the end of the CRT’s term, the remainder in the CRT can be designated for the United States Holocaust Memorial Museum’s Endowment in order to provide support in perpetuity.

These types of life income plans may offer you tax benefits and the option for income. There are two ways to receive payments and each has its own benefits:

The annuity trust pays you, each year, the same dollar amount you choose at the start. Your payments stay the same, regardless of fluctuations in trust investments.

The unitrust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. The amount of your payments is redetermined annually. If the value of the trust increases, so do your payments. If the value decreases, however, so will your payments.

Example: How It Works

Susan, 75, wants to make a gift to the Museum but would also like more income in the future. Susan creates a charitable remainder unitrust with annual lifetime payments to her equal to 5% of the fair market value of the trust assets as revalued annually. She funds the trust with assets valued at $500,000.

Susan receives $25,000 the first year from the trust. Subsequent payment amounts vary each year depending on the annual valuations of the trust assets. She is eligible for a federal income tax charitable deduction of $301,905* in the year she creates and funds the trust. This deduction saves Susan $96,610 in her 32% tax bracket.

*Based on a 3.6% charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.

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