Charitable Trust

< back

Charitable Gift Trust

This contract pays you from your gift trust a set quarterly payment for your life. Annuity rates are based on the ages of the income beneficiaries. Individuals typically establish a gift annuity that is not concerned about inflation and who would prefer to receive a fixed payment for life. Minimum gift size is $5,000. Cash or securities are preferred types of gifts.

Deferred Gift Annuity

A Deferred Gift Annuity is a variation of the charitable gift annuity. You receive an income tax deduction at the time of your gift, but your income payments are deferred for at least one year. Minimum age for payments to begin is 50 years. With the exception of the Deferred Gift Annuity, Music in the Mountains reserves its life income gift arrangements for those donors age 50 or older.

Charitable Remainder Trust

Individuals who wish to diversify their assets through a trust typically use a Charitable Remainder Trust which is irrevocable gift trusts that actually provide for and maintain two sets of beneficiaries. The first set is the income beneficiary (you and, if married, a spouse). Income beneficiaries receive a set percentage of income for your lifetime from the trust. The second set of beneficiaries is the charities you name. They receive the principal of the trust after the income beneficiaries pass away.

Charitable Lead Trust

Like a Charitable Remainder Trust, Charitable Lead Trusts offer current income tax deductions and a reduction of capital gains taxes. The difference is that the parties involved are interchanged. Charities receive a steady stream of income during the term of the trust. At the end of the trust, you or even your heirs can receive the assets. Like the remainder trust, Charitable Lead Trust also receives preferential tax treatments.