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Uncle Sam Or Orphan Annie

Where do you want your money to go?

This story appears in the February 2000 issue of Entrepreneur. Subscribe »

The long-lasting bull market has helped send the values of many entrepreneurs' portfolios soaring. If you're one of the lucky ones who's experienced a boost in investment holdings, you may be thinking of donating some of the proceeds to charity. But selling the stock could result in the payment of substantial capital gains taxes, which means you'll be left with less to donate.

There's a way, however, to convert the stock or property to cash for charity without incurring those taxes. It's called a charitable remainder trust (CRT), and it can benefit both the owner of the assets and the charitable organization designated to receive the assets.

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