|
|
 |
|
|
A charitable remainder trust is a way to fulfill your desire to support your community while supplementing your current income. With a charitable remainder trust, you place your assets in a trust, receive regular distributions (either fixed or variable payments), and identify the charitable causes to support at the end of the trust term. Charitable remainder trusts can accept gifts of cash, securities or real property. The assets are then reinvested and a distribution is paid to you and/or other non-charitable beneficiaries, for life or a specified term of up to 20 years. At the end of this period, the trust's assets are transferred to your named charitable fund to support your individual charitable giving goals.
|
A charitable gift annuity from the Charitable Foundation is a way for you to receive a guaranteed income for life and an immediate income tax deduction, while at the same time, leaving a legacy to the charitable cause of your choice.
Through a charitable gift annuity, you receive a fixed stream of income for life. After paying the lifetime annuity to you and your spouse, the remaining principal is transferred to your named charitable fund to accomplish your specific charitable goals. Our payments to you are based on your age; the older you are, the higher the rate. If the annuity is for you and your spouse, the calculation is based on your joint ages. If you don't need the income now, you can use our deferred plan and receive the income tax deduction now, but begin receiving payments when you reach a specific age. This is an excellent complement to your existing retirement plan.
The tax advantages of both a current and deferred annuity are two-fold. First, you receive an immediate income tax charitable deduction when you create your annuity. This is based on your age and annuity payout rate. Second, a portion of the payments you receive may be treated either as tax-free return of principal or long-term capital gains. These tax advantages increase the net income you receive.
Our development staff is pleased to provide a free, personalized illustration demonstrating the benefits of these gift plans. As these giving vehicles are complex and related to other estate planning, we encourage you to work with your lawyer or financial advisor. If you have questions about life income plans that have not been answered in this section, please contact:
Lisa Foley, Director of Gift Planning
(603) 225-6641 ext. 262
lmf@nhcf.org
Peter Lamb, Vice President of Development
(603) 225-6641 ext. 241
pl@nhcf.org
|
|
|
|
|
|
|
|
|
