Leave a Legacy: Charitable Trusts

Donate to Barrow with a planned gift

Charitable Trusts are a great way to support Barrow Neurological Foundation and receive tax benefits. You can donate to Barrow Neurological Foundation through Charitable Trusts such as a Charitable Lead Trust or a Charitable Remainder Trust.

A Charitable Lead Trust (CLT) provides yearly income to Barrow Neurological Foundation while offering you tax benefits. A Grantor-CLT provides an upfront income tax deduction for future gifts from the trust and gives the corpus of the trust back to the Grantor, plus any investment gains or losses. A CLT also can be set up to help a family avoid estate (transfer) tax to the next generation.

Features, Benefits, and Considerations of a CLT:

• At the end of the trust term, assets are transferred to the Grantor or your heirs, plus any investment gains or losses
• You can be the trustee of the trust
• The trust is irrevocable, and therefore has asset protection from judgment creditors
• A CLT creates both a social and family legacy
• An attorney needs to set up the trust and there are fees associated with that process

The Charitable Remainder Trust (CRT) is a tax-exempt trust that allows you to sell an asset tax free, and the corpus grows tax free. With this type of gift, you or another beneficiary of your choosing receives income every year for life, or for a period of up to 20 years. At the end of the trust term, the balance in the trust goes to the charities of your choice and you get an income tax deduction for the future gift. If you are looking to sell a business, land, or another asset that has appreciated in value, ask your advisor if this is a tool that will work for you. Your attorney will be able to create the trust in a manner that aligns with your intent.

Features, Benefits, and Considerations of a CRT:

• Capital gains tax savings
• Income tax deduction
• Enhanced income for life
• Meaningful gift to leave
• More of your assets kept working for you
• An attorney needs to set up the trust and there are fees associated with that process
• This trust is irrevocable and outside of the estate
• Assets in the trust must be owned free and clear

Learn more about maximizing your gift!
Robyn Nebrich-Duda, Director of Planned Giving & Philanthropy
Robyn.Nebrich-Duda@DignityHealth.org | 602.406.1037