Charitable Remainder Annuity Trust - One Life

Prepared for: Donor name

A. Input Assumptions
Date of transfer	September 27, 2023
Fair market value of property transferred	$1,000,000.00
Nearest age on the date of the gift for Beneficiary 1 is	91
Annual annuity rate	6%
Payment frequency	Quarterly
Is payment at beginning or end of payment period	End
The discount rate (effective 9/2023) is	5%
The mortality table is based on the census taken in	2010

B. Calculation of Present Value of Remainder Interest (for Number of Lives)
1.	Fair market value of property transferred	$1,000,000.00
2.	Annual annuity rate	6%
3.	Annuity amount payable on an annual basis	$60,000.00
4.	Factor for present worth of an annuity (based on Table S)	3.5256
5.	Line 3 annuity amount times Line 4 factor	$211,536.00
6.	Adjustment factor for payment frequency (from Table K)	1.0186
7.	Adjusted annuity value (Line 5 * Line 6)	$215,470.57
8.	Amount of first annuity payment if payment is made at beginning of period for a non-term annuity trust (otherwise 0)	$0.00
9.	Present value of annuity interest (Line 7 + Line 8)	$215,470.57
10.	Minimum value of annuity interest (lesser of Line 1 and Line 9)	$215,470.57
11.	Present value of remainder interest = the tax deduction (Line 1 - Line 10)	$784,529.43

C. Calculation of Tax Deduction for Charitable Remainder Annuity Trusts
Fair market value of property transferred	$1,000,000.00
Present value of remainder interest in annuity trust factor as a percent	78.45%
Present value of remainder interest = the tax deduction (Line 1 * Line 2)	$784,529.43
10% remainder interest test	Passed
Probability that the annuitant will survive to the exhaustion of the fund	0%
5% probability test	Passed

NOTE: This calculation is provided for educational purposes only. The type of assets transferred, the actual date of the gift, and other factors may have a material effect on the amount or use of your deduction. You are advised to seek the advice of your tax advisors before implementing a gift of this type.