If you’re not a millionaire, yet want to give, consider these options:
Partnership gifts are made via long-term arrangements between donors and recipient charities or non-profits, usually with income resulting for the donor and an eventual transfer of the principal to the charity at the donor’s death.
A charitable remainder trust (CRT) can provide a beneficiary with cash flow for a defined number of years. At the end of the trust term or death, the remaining trust principal passes to a charity or family foundation. A CRT can be named the beneficiary of your IRA as part of your estate planning strategy. Some charities and universities will administer a CRT gratis if the remaining trust principal is designated for that charity or university’s investment or endowment fund. A charitable lead trust (CLT) makes annual charitable gifts on your behalf for a set number of years. If structured and executed properly, trust beneficiaries can eventually receive the leftover trust assets without having to pay estate or gift taxes.1,2
If you have insufficient funds to start a charitable trus ...
