If you have built a sizable estate and also are looking for ways to receive reliable payments, consider a charitable remainder trust. This type of trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create. At the end of the trust term, the balance in the trust goes to Scouting America.
These types of gifts may offer you tax benefits and the option for income. There are two ways to receive payments and each has its own benefits:
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.
Open Your Own Charitable Remainder Trust
Scouting America is proud to offer our own charitable remainder trust program, administered by our National Foundation.
The Scouting Charitable Remainder Trust program allows you to secure income for you and your loved ones and provide support for your Council or favorite Scouting cause at the same time.
To learn more, about Scouting’s Charitable Remainder Trust program, visit scoutingamericalegacy.org or contact us at giftplanning@scouting.org.
Ashley, 75, wants to make a gift to Scouting but would also like more income in the future. Ashley creates a charitable remainder unitrust with annual lifetime payments equal to 5% of the fair market value of the trust assets as revalued annually, and funds the trust with assets valued at $500,000.