Hans & Mildred Rueschmann Charitable Remainder Unitrust, Rueschmann Hans Ttee in Flat Rock, North Carolina (NC)

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Hans & Mildred Rueschmann Charitable Remainder Unitrust, Rueschmann Hans Ttee
Employer Identification Number (EIN)276000221
Name of OrganizationHans & Mildred Rueschmann Charitable Remainder Unitrust
Secondary NameRueschmann Hans Ttee
Address118 Founders Dr, Flat Rock, NC 28731-9568
Activities4947(a)(2) trust
FoundationAll organizations except 501(c)(3)
Exempt Organization StatusTrust described in section 4947(a)(2) of the IR Code
Tax Period12/2010
Assets$0
Income$0
Filing Requirement990 - Not required to file (all other)
Asset Amount$1,760,592
Amount of Income$0
Form 990 Revenue Amount$0
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Ratings Summary

Based on 1 vote

Overall Rating:
***
3.0
Ratings in categories:
Program:
***
3.0
Fundraising:
***
3.0
Expenses:
***
3.0
Transparency:
***
3.0

1 User Review:

Allie

Added on Nov 21, 2014 12:39 AM
Program:
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Fundraising:
***
Expenses:
***
Transparency:
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This is a trust for a charitable foundation about which little is known. It is the largest charitable trust in the area. A charitable remainder trust functions as a way to distribute funds to charitable organizations after the initial beneficiary is no longer eligible to receive funds from the trust. In the United States individuals use charitable trusts to leave all or a portion of their estate to charity when they die. This allows for philanthropic purposes to be satisfied, while creating certain tax benefits that shield the fund. It can be a way for parents to leave funds for a disabled child without jeopardizing the availability of public funds for the care and treatment of the child. There are many reasons for this type of trust, and many ways to arrange the payments to a beneficiary, to the charitable organizations, and what to do with the remainder of the fund. That such a substantial amount remains in this fund leads me to believe that there has not yet been a final distribution, if in fact the fund is set-up to have a an end date.
Would you recommend Hans & Mildred Rueschmann Charitable Remainder Unitrust, Rueschmann Hans Ttee to others? No
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