Giving Through a Charitable Trust

There are many ways to set up a charitable trust.  Some allow you to make an immediate commitment of the funds and take advantage of a possible tax deduction while still maintaining an income stream from the assets in the trust.  With others, the charitable organization benefits from the income for a given period of time, after which the principal reverts to the donor or heirs. Charitable trusts are often used to convey highly appreciated securities, which would incur a significant capital gains tax if sold.

 

Some Reasons to Consider a Charitable Trust

• You have highly appreciated securities, which would incur significant capital gains taxes.
• You want to make your gift now, but continue to receive income from the principal.
• You want to make your gift now, but preserve the principal for your heirs.
• You will benefit from the immediate tax deduction that an irrevocable trust can provide.
• You have a complex portfolio of assets to distribute.
• Your estate may be able to pass to your heirs without probate.

To discuss your Charitable Trust options in greater depth, please click here or call 703-549-0060 to consult Lindsay Cameron, with the Marine Corps Scholarship Foundation Planned Giving Coordinator.