Charitable Trusts

 

The use of charitable trusts can provide income to you plus an income tax deduction. The two most popular forms of charitable trusts are the Charitable Remainder Unitrust, Charitable Remainder Annuity Trust and the Charitable Lead Trust.

 

HOW THEY WORK.

 

·       Securities or other appreciated property are transferred to the Unitrust. The Trust pays a percentage of the principal based on the annual value of the assets to you or your named beneficiaries. When the trust terminates, the remaining principal is paid to the Supreme Temple, Daughters of the Nile Foundation.

 

·       Securities and other appreciated property are transferred to the Annuity Trust. The Trust then pays a fixed rate of income to you or your named beneficiaries. When the trust terminates, the remaining principal is paid to the Supreme Temple, Daughters of the Nile Foundation.

 

·       Securities and other appreciated property are transferred to the Lead Trust. The Trust pays the income to the Supreme Temple, Daughters of the Nile Foundation for a specified period of time. When the trust terminates, the remaining principal is paid to your heirs.

 

BENEFITS.

 

With the Unitrust and Annuity Trusts:

 

·       You receive income for life or a specified number of years.

 

·       Income tax deduction for a portion of your contribution.

 

·       Can make additional gifts to the trust.

 

With the Lead Trust:

 

·       Income payments to the Foundation reduce the ultimate tax cost of transferring an asset to your heirs.

 

·       The amount and term of the payments to the Foundation can be set so as to reduce or even eliminate transfer taxes due when the principle reverts to your heirs.

 

·       All appreciation that takes place in the trust goes tax-free to the individuals named in your trust.

 

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Gifting Incentives

Other ways you can give to the Daughters of the Nile Foundation include naming the Foundation as a beneficiary on your Retirement Accounts or your Annuities; naming the Foundation as a joint tenant, payable on death beneficiary or transferable on death beneficiary on your Certificates of Deposit and Savings Accounts; or establish a Charitable Remainder Trust that benefits the Foundation.

Marketable Securities

Gifts of long-term appreciated securities may include individual stocks, bonds, or shares of mutual funds. Gifts of securities can be made quickly and easily and can enable you to do more with your gift because of the tax benefits.

Wills and Bequests

A bequest to the Daughters of the Nile Foundation Convalescent Endowment Fund will continue supporting Shriners Hospitals for Children® after your death.  Federal estate tax laws encourage charitable bequests by allowing an estate tax deduction for the full value of charitable gifts.  No limit is placed on the amount that can be left to charity and deducted from your estate as a charitable contribution.