|
Home > Planned Giving > Discover Your Best Methods of Giving Discover Your Best Methods of GivingYour stage in life, your financial circumstances and your charitable goals all affect when, how and to which charitable organizations you make gifts. Because your decision to support us requires such thoughtful consideration, we want to see that your goals are satisfied.A Popular Plan for Future Needs Effective methods for making planned gifts take many forms, such as a bequest through your will, a revocable trust, a unitrust, an annuity trust or a lead trust. Here is an overview of one of the most popular techniques. Charitable remainder trust (CRT). In return for establishing a CRT, you receive an income for life and an immediate income tax charitable deduction. There are two types of CRTs. An annuity trust will pay you the same dollar amount you choose at the start. A unitrust will pay you a variable amount based on a fixed percentage of the fair market value of the trust's assets, revalued annually.
Choosing the Right Plan For retired persons, ages 60 to 75. A unitrust provides a hedge against inflation. If you are more concerned about a declining market, however, an annuity trust is a better choice. For married couples, a unitrust or annuity trust that makes payments throughout both your lifetimes may make more sense. For all ages. A charitable bequest in your will or revocable living trust ensures a valuable estate tax deduction. You can give cash, specific personal or real property or a share of your estate's residue. The End Result We can help you weigh personal factors and make detailed calculations of income and tax benefits you will receive through a gift to Sisters Hospital Foundation. Please call Julie Snyder at 716-862-1992, or e-mail us at jsnyder@chsbuffalo.org, for more information. Copyright © The Stelter Company, All rights reserved.
The information in this Web site is not intended as legal advice. For
legal advice, please consult an attorney. Figures cited in examples are
for hypothetical purposes only and are subject to change. References to
estate and income tax include federal taxes only. Individual state
taxes and/or state law may impact your results. |