Charitable Bequests
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A charitable bequest is a gift to a charity that is made when a person dies. The most common form is a simple gift of money or assets to one or more charities set forth in a person's will. This allows for the finds to be transferred to the charity while avoiding estate taxes. Another common method is to designate one or more charities as beneficiaries for an IRA, Roth IRA, 401(k), 403(b), or other retirement plan. However, other more sophisticated methods of making charitable bequests can be used by setting up charitable trusts. For example, a charitable remainder trust allows a donor to earn income derived from a set of assets during his or her lifetime. When the person dies, the assets are donated to specified charities tax-free. This strategy allows for a number of tax advantages during the donor's lifetime. There are a wide variety of other charitable trust options as well, each of which can provide unique benefits both to the donor and the charities he or she supports. For more information, see the links on the menu to the right.
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Charitable Trusts Menu
- Trusts
- Living Trusts
- What Is A Charitable Trust
- Types Of Charitable Trusts
- Charitable Remainder Trust
- Charitable Remainder Unitrust
- Types Of Charitable Remainder Unitrusts
- Charitable Remainder Unit Trust
- Taxation Of Charitable Remainder Trusts
- Creating A Charitable Remainder Trust
- Charitable Lead Trusts
- Charitable Lead Annuity Trust
- Charitable Remainder Annuity
- Deferred Charitable Annuity
- Charitable Gift Annuity
- Planned Giving
- Charitable Bequest
- Charitable Pooled Income Fund
- Retained Life Estate
- Donor Advised Funds
- Irs 501c3
- Non-Profit Support Organization
- Cowles Charitable Trust
- Pew Charitable Trusts