Private Foundations and CRTs
Advisors
"Sterling arranged the sale of my client's income interest in a term CRT. The transaction was financially fulfilling to my client, as the sales price exceeded the values of other options they had with respect to the CRT. Both our firm and the client found the process straightforward and Sterling easy to work with. We won't hesitate to turn to Sterling again when the client facts fit."
- Benjamin T. White, Partner
Alston + Bird LLP, Atlanta GA
"I worked closely with Sterling to complete the sale of a Charitable Remainder Trust (CRT) income interest for valued clients. My clients and I were very happy with the result, which saw my clients receive lump-sum payments at a desirable premium to net present value. The process was very straightforward and all my dealings with Sterling were open, honest and highly professional. I would not hesitate to work with Sterling again on future CRT transactions and would recommend them to any advisor wanting to secure a similar desirable outcome for their client."
- Karen Streisfeld-Leitner, Counsel
McLaughlin & Stern LLP, New York, NY
"All advisors ought to know that this potential for liquidity exists. It creates important flexibility for the client, which may have significant economic value. If you make a client aware and they don't want to do anything, no one is out. But if you don't tell them, and they might have benefited, they could be hurt and that could be an actionable omission. So it's clearly a case where it makes sense to inform all clients who have CRTs that they may be able to benefit from a sale of their lead interest."
- Alan P. Dye, Partner
Webster, Chamberlain & Bean, Washington, DC
Chairman, Washington Non-Profit Legal and Tax Conference
Clients and Professionals
"Once I crunched the numbers, selling my CRT lead interest was an easy decision for me. The transaction itself is analogous to a real estate transaction. Sterling – as the broker – found a buyer willing to pay more for my CRT interest than I could have gotten from other options I had on the table. They facilitated the sale at a price that exceeded the value to me of keeping the CRT, and their buyer significantly outbid a competing offer I had received. I am better off financially because of the transaction and believe that anyone with a CRT should look hard at the sale option. Very satisfied client."
- Josh T. Barnes
Charlevoix, MI
“Sterling provided a valuable service to me and my family by facilitating the successful liquidation of our CRT income interest. They were attentive, professional, easy to work with, and able to find a buyer within a tight timeframe, allowing us to close the transaction by year's end. We are extremely thankful to Sterling and would certainly recommend them to others considering their CRT Liquidity Program.”
- Winter K. Mead
San Francisco, CA
“I recently sold my CRT income interest through Sterling’s CRT Liquidity Program. The process was straightforward and I found Roger Silk and his staff to be courteous and responsive. I was very pleased financially with the outcome and would encourage other income beneficiaries to carefully consider this option.”
-Howard R. Champion
Bethesda, MD