Luke and Candice spent many years volunteering and supporting their favorite charity. They wanted to give back in a way that would help fulfill its mission. At the same time, they were looking for a way to care for their family in the future.
Luke: We heard that with new lower rates, now is the best time in years to set up a charitable lead trust. We could fund the trust with cash or stock and this trust would pay income to the charity for a number of years with the rest of the trust value going to our children in the future.
Candice: We liked the fact that our children would be well cared for and that we could see the result now of our gifts to our favorite charity.
Luke and Candice were also pleased to learn that taxes on the gift to their children would be significantly reduced by the added benefit of a gift tax charitable deduction. After the income was paid to our seminary, the remaining trust value would go to their family with very little tax owed.
Luke: Candice and I found that by using a charitable lead trust we could accomplish our goals of helping both family and our favorite charity during our lifetimes.
*Please note: The name and image above is representative of a typical donor and may or may not be an actual donor to our seminary. Since your benefits may be different, you may want to click here to view a color example of your benefits.
You may be looking for a way to make a significant gift to help further our mission. A bequest is a gift made through your will or trust. It is one of the most popular and flexible ways that you can support our cause.
Are you ready to plan your will or trust? We would like to send you our free Estate Planning Guide. This guide will provide you with helpful information to provide for your needs, your family's future and favorite causes.
An IRA rollover allows people age 70½ and older to reduce their taxable income by making a gift directly from their IRA.
