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When you establish a charitable remainder trust, you make a generous gift to help secure New York City Ballet’s future while making a smart financial decision. This gift plan allows you to provide an annual income for yourself or others either for life or for a fixed term of 20 years or less.

How it works

You irrevocably transfer assets (usually cash, securities and/or real estate) into a trust. You decide who the trustee will be (i.e. New York City Ballet or a bank trust department) and during the trust’s term the trustee will then invest the trust’s assets. Each year, depending on the type of trust you have structured, the trustee will distribute either a fixed dollar amount to your beneficiaries, which is called a charitable remainder annuity trust (CRAT) or a fixed percentage of the trust’s value as re-valued annually to your beneficiaries, which is called a charitable remainder unitrust (CRUT). With a charitable remainder unitrust, you may add funds to the trust whenever you like. Payments must be between 5% and 50% of the trust’s annual value.

Your Benefits

  • You will receive an income tax charitable deduction for a portion of your gift.
  • Your entire gift will be available for reinvestment, free of capital gains tax.
  • Your estate will benefit from reduced probate costs and estate taxes.
  • You will help ensure that New York City Ballet’s tradition of artistic excellence will always be preserved for future generations to enjoy.

For a complimentary, no-obligation illustration explaining how a charitable remainder trust can benefit you, or to learn more about the Serenade Society and the different ways you can support New York City Ballet through gift planning, please contact Faith Petrides in the Planned Giving Office at 212-870-5686 or email fpetrides@nycballet.com. All inquiries are confidential.

This information is not intended to represent legal or tax advice or to substitute for such advice. We urge you to consult your professional advisors when considering your charitable gift planning options.