Discover a Gift That Is Truly Win-Win
CHARITABLE REMAINDER TRUSTS
Discover which type of charitable trust best fits your estate plan with the FREE guide Trusts: Choose From 2 Win-Win Ways to Donate.
Looking for a way to give the Diocese a significant gift? If you have built up a sizeable estate and are also looking for ways to receive reliable payments, you may want to check out the advantages of setting up a charitable remainder trust.
Benefits of a charitable remainder trust include:
Potential for a partial charitable income tax deduction
Potential for increased income
Up-front capital gains tax avoidance
There are two ways to receive payments with charitable remainder trusts:
The annuity trust pays you, each year, the same dollar amount you choose at the start. Your payments stay the same, regardless of fluctuations in trust investments.
The unitrust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. The amount of your payments is redetermined annually. If the value of the trust increases, so do your payments. If the value decreases, however, so will your payments.
Check Out This Potential Scenario
Susan, 75, wants to make a gift to the Diocese but would also like more income in the future. Susan creates a charitable remainder unitrust with annual lifetime payments to her equal to 5% of the fair market value of the trust assets as revalued annually. She funds the trust with assets valued at $500,000.
Susan receives $25,000 the first year from the trust. Subsequent payment amounts vary each year depending on the annual valuations of the trust assets. She is eligible for a federal income tax charitable deduction of $299,845* in the year she creates and funds the trust. This deduction saves Susan $95,950 in her 32% tax bracket.
*Based on a 1.2% charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.
Learn How to Fund It
You can use the following assets to fund a charitable remainder trust:
Calculate Your Benefits
Submit a few details and see how a charitable remainder trust can benefit you.
Next Steps
Contact John Mark Willcox at 318-868-4441 or jwillcox@dioshpt.org to talk about supporting the Diocese by setting up a charitable remainder trust.
Seek the advice of your financial or legal advisor.
If you include the Diocese in your plans, please use our legal name and federal tax ID.
Legal Name: Diocese of Shreveport, Inc.
Address: 3500 Fairfield Avenue, Shreveport, LA 71104
Federal Tax ID Number: Contact John Mark Willcox at the Catholic Center.
Discover which type of charitable trust best fits your estate plan with the FREE guide Trusts: Choose From 2 Win-Win Ways to Donate.
Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.