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Trusts and Annuities
Trusts and annuities can help you map out your financial, estate, and charitable planning goals with Associated Services for the Blind (ASB). The options below are becoming increasingly popular in planned giving, for they allow tax payers to reduce estate taxes, eliminate capital gains, and receive both tax-favored income and a tax deduction all the while supporting ASB.
For additional information, contact our Development Department.
Gifts providing you with income:
Charitable Gift Annuity
The Charitable Gift Annuity allows you to transfer cash or marketable securities to ASB in exchange for one income tax deduction and receive a guaranteed tax-deferred income for life. Annuity payments can begin immediately or can be deferred to some future date. A CGA can be purchased from ASB for as little as $10,000.
Charitable Remainder Annuity Trust
The Charitable Remainder Annuity Trust is a custom designed and individually managed trust. You can retain a fixed income for your lifetime or a fixed number of years, claim an income tax deduction, and make a future gift to ASB.
Charitable Remainder Unitrust
The Charitable Remainder Unitrust is also a custom designed and individually managed. You can retain a variable income for your lifetime or fixed number of years, and you make a future gift to ASB.
Gifts providing ASB with income:
Charitable Lead Annuity Trust
The Charitable Lead Annuity Trust is a custom designed and individually managed trust that allows you to give a fixed annual amount to ASB for either a fixed number of years or for the lifetime of one or more individuals.
Charitable Lead Unitrust
The Charitable Lead Unitrust is a custom designed and individually managed trust that allows you to give a variable annual amount to ASB for a fixed number of years or the life of one or more individuals.
When each of the above trusts have reached their tenure, the trust is terminated and, in accordance to the terms of the trust agreement, the remaining assets are distributed (called the remainder interest) back to you or the one or more individuals specified.
Gifts with retained use:
Life Estate Agreement
The Life Estate Agreement is an arrangement where you can transfer either the title of a personal residence, farm, or yacht to ASB while retaining the right to occupy and otherwise enjoy the full use of the property for your choice of a number of years or for the lifetime of one or more individuals.
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