With gift planning, you can increase the size of your estate, ensure your money lasts for your lifetime, and/or reduce the tax burden on your heirs. Consult with a tax attorney to find out which planned giving option is right for you.
- Pooled Income Funds: A pooled income fund is similar to a mutual fund. This type of gift can ensure ongoing income for you during your lifetime, and a guaranteed gift to Fraser later.
- Gift Annuity: A gift annuity transfers cash, securities, or property to Fraser in exchange for a fixed-dollar payment during your lifetime. Later, Fraser receives the principal.
- Charitable Remainder Trusts: With a charitable remainder trust, you transfer an asset to Fraser and receive income from that asset. At the end of the trust’s term, the principal is distributed to Fraser. There are 2 types of charitable remainder trusts: An annuity trust that provides a fixed-dollar payment annually, and a unitrust that provides a fluctuating annual payment based on a percentage of the trust’s value each year.
- Charitable Lead Trust: A charitable lead trust provides an annual income to Fraser. At the end of the trust’s term, the remainder reverts to Fraser or to another person.
- Charitable Trust: a trust with Fraser named as the beneficiary.