Charitable Remainder Trusts (CRTs) are powerful tools for balancing financial planning with philanthropic goals. They offer several key benefits, particularly for retirees and those planning their estates. By establishing a CRT, donors can enjoy an immediate income tax deduction based on the present value of the assets eventually passing to the charity. This deduction can substantially reduce the donor's taxable income for that year. Additionally, CRTs are exempt from capital gains tax when they sell appreciated assets, allowing the full reinvestment of proceeds to potentially increase the income stream to the donor or other beneficiaries​ (Due)​​ (The Chicago Community Trust)​.