Gifts of Remainder Trust
A trust is a legal agreement that specifies how assets placed under the trust will be managed by an assigned trustee. A charitable remainder trust is an effective way to provide you with an income for life and know that after your lifetime, the property remaining in the trust will be used by the Canadian Mental Health Association, National. This is a deferred gift, which means that the proceeds from a gift commitment made now will be realized by the Canadian Mental Health Association, National sometime in the future.
Entering into a charitable remainder trust agreement with the Canadian Mental Health Association simply means that you leave a capital donation to the CMHA while you are still alive. The trustee pays regular income to you and/or other beneficiaries you name from the trust for life or for a term of years. When the trust terminates, the trustee pays out the remaining trust assets to the Canadian Mental Health Association, National.
If you would like more information about arranging a charitable gifts of remainder trust with the Canadian Mental Health Association, National, please contact the Coordinator of Fund Development by e-mail or by phone at (613) 745-7750, ext. 224.
The above information does not constitute legal or financial advice and should not be relied upon as a substitute for professional advice. CMHA, National encourages you to seek professional advice.
