Charitable Trusts

Setting up a charitable trust provides income to the donor while he / she is alive but also provides a gift to the Foundation.

Two types of trust are available:

1. A remainder trust pays the donor the income from the assets placed in the trust ( e.g. real estate, securities, cash) for life, or for a specified number of years, and then distributes the principal to the Foundation.
2. A residual trust whereby an asset (e.g. personal residence, work of art, investment property) is donated today, but the donor retains the use of the asset during his or her lifetime

Both types of trust may be eligible for charitable tax receipts based on the present value of the remainder interest.

We recommend you consult with your financial advisor if you are considering a donation of life income gifts to the Foundation.