The Nebraska Community Foundation works with community, organizational and donor-advised affiliated funds serving 250 communities located in 80 counties. NCF and its affiliated funds have reinvested $269 million in Nebraska since 1994.
07/01/2015, By Jim Gustafson, NCF Gift Planning Director, Nebraska Cattleman Magazine
According to IRS statistics, 109,691 tax returns were filed for Charitable Remainder Trusts (CRTs) in 2011. For a tax-planning tool with so many attractive benefits, the number of tax returns filed indicates to this writer that the tool is underutilized. This article attempts to further readers’ awareness and understanding of the benefits of CRTs. We’ll start by looking at a case study of how a Nebraska couple with charitable inclinations used a CRT to unlock the appreciated value in their farmland. In 2012 a married couple in their early 80’s decided it was time to simplify their lives and take advantage of the increased value of the quarter section of farmland they owned and rented out in Clay County, Nebraska.