How is the CRT Advantage trust different from a Family Foundation?
The CRT Advantage is a trust with its own tax identification number. It is usually used for people who have appreciated assets and dont want to pay capital gains tax when the appreciated assets are sold. The CRT Advantage provides a lifetime income stream to the donor or donor and spouse. A Family Foundation account comes under the public charity status and tax identification number of The American Foundation and provides an income stream to family selected charities. This income stream to charities is designed to be perpetual in nature so the wishes of the donor can be carried out for many generations to come. A Family Foundation charitable account is usually set up whenever a CRT Advantage is established.
