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Charitable trusts and tax incentives for donors and charities
Donors can use retirement plans to aid charities through unitrusts and lead trusts. A deferred gift annuity offers tax deductions and a life income to the donor, with the charity receiving funds later. The example notes a 55 year old investing $5,000 yearly to age 65 yields $35,000 in deductions, $9,800 tax savings, and $4,790 annual lifetime income starting at 65, while the charity gains $35,000 for its programs.
MENTIONED IN THIS ARTICLE
Unity Trusts
Unitrusts
Merlitz