How is my charitable remainder trust invested?
Your charitable remainder trust is invested in the WELS Balanced Fund. The Balanced Fund seeks long-term capital growth and a low to moderate level of current income. It has a target asset allocation comprised of 60 percent equity and 40 percent fixed income and has a mid- to long-range investment time horizon.
When can I expect to receive my tax information (Schedule K-1/Form 1065) for my charitable remainder trust?
Typically, we will mail your K-1 so you receive it by March 31. Mutual funds are required to provide Form 1099 to investors by February 15, and your K-1 can’t be prepared until after we receive the 1099s from all underlying mutual funds. We will work to get the K-1 to you as soon as possible!
I don’t remember who the beneficiaries of my trust are. How do I find out that information?
No problem! Contact us at WELSFoundation@wels.net or 414-256-3251.
I no longer need the income from my charitable remainder trust. Can I terminate the trust and make distributions to the ministries I’ve selected?
Yes, you can, and in doing so you may qualify for an additional income tax charitable deduction.
What are the annual expenses of my charitable remainder trust?
Personalize a remainder annuity trust illustration for your situation.