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You are at: Planned Giving > For Advisors > Deduction Calculator > AT

Help Charitable Remainder Annuity Trust
One Life Two Lives
Click the appropriate button for a One-Life or Two-Life presentation. Selecting One Life will cause the Second Person and the associated name and age fields to be hidden from view for that run.
Gift Date
Enter the date of the gift. Example: Mo/Day/Yr, 7/14/2000. If you enter an invalid date, such as a letter or blank, the system will default to the current date.
The current Rate of the Month (AFR) will display in the drop down box. Choose one of the three rates offered.
Enter the name of the Donor. You may use such titles as "Mr.", "Mrs.", "Dr.", "Rev.", "Jr.", etc.
Enter the name of the person. You may use such titles as "Mr.", "Mrs.", "Dr.", "Rev.", "Jr.", "Sr.", etc. For the remainder unitrust the first person is the first income recipient or beneficiary of the agreement.
Date of Birth
You may enter the age of the person instead of the birth date. However, if the birth date is known, click on the calendar icon and choose your birth date. Since ages are to be rounded up if the gift date is within 6 months of the next birth date, entering the birth date is the most accurate method.
Date of Birth
Enter the amount of cash or the fair market value (FMV) of the asset(s) used to fund the CGA. For assets such as real estate, closely-held stock and other hard to value assets, the FMV would be the appraised value of the property on the date of the gift.
%
Enter the percent income payout to the donor. You must select a trust percent payout of 5% or more.
Monthly Quarterly Semiannual Annual
Select either monthly, quarterly, semiannual, or annual income payments to the beneficiary(ies) of the income. The choice of payment frequency does affect the amount of the charitable deduction as the more frequent the payment (i.e. monthly as opposed to annually), the smaller the donor's tax deduction.
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Next Steps for Kingdom Impact:

  1. Contact the EFCA Foundation at (800) 995-8578 or [email protected].
  2. Seek the advice of your financial or legal advisor.
  3. If you include the EFCA or EFCA Foundation in your plan, please use our legal name and federal tax ID:

Legal Name: The Evangelical Free Church of America
Address: 901 East 78th Street
Minneapolis, Minnesota 55420
Federal Tax ID Number: 41-0721672

The EFCA exists to glorify God by multiplying transformational churches among all people

Learn More:

EFCA Legacy Partners
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Beneficiary Designations
IRA Charitable Rollover-QCD - Age 70 ½
Charitable Gift Annuities
Charitable Remainder Trusts
Donor Advised Funds
Designated Funds - For Donors
Designated Funds - For Ministries
Real Estate
Stocks and Mutual Funds
Forms and Resources

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PRIVACY STATEMENT

This site is informational and educational in nature. It is not offering professional tax, legal, or accounting advice.
For specific advice about the effect of any planning concept on your tax or financial situation or with your estate, please consult a qualified professional advisor.