Financial and Tax Professionals
Turnkey Family Foundation Program
Gift Plans:Charitable Trusts
Gift Annuity (Immediate or Deferred)
The Gift Annuity is most attractive to those who want a steady stream of income for the rest of their lives while contributing to their family foundation. The American Foundation will pay a guaranteed fixed income for life-in return for charitable contributions of cash or property.
If you are married, your spouse can also be guaranteed the same fixed income for the balance of his or her life. The rate of return you receive depends upon your age (and, if applicable, the age of your spouse) at the time of your gift. The older you are, the higher the rate of return. You can be assured of receiving the same annual income from us-on a quarterly or other periodic basis-no matter what happens to the stock market or interest rates. And, a sizeable portion of each income payment from us will be tax-free. When you create a charitable gift annuity, you also receive a significant income tax charitable contribution deduction. There are also capital gains advantages if you fund the annuity with appreciated stock.
Charitable Lead Trust
A lead trust is most appropriate for
those in high estate-tax brackets who want to get appreciating assets out of
their estate and eventually to their heirs without tax on the growth. The donor
irrevocably transfers assets to a trust; the trust provides payments to his or
her family foundation at the American Foundation for life or a term of years;
then the trust principal goes to children, grandchildren, or others absolutely
free of-or at greatly reduced-federal gift and estate taxes. Charitable lead
trusts can be structured in three ways: (1) as a charitable lead unitrust which
pays a specified amount annually to a family foundation; (2) as a charitable
lead annuity trust which pays a guaranteed annuity annually to a family
foundation; or (3) as a non-statutory charitable lead trust which pays all of
the trust's income annually to a family foundation. Further, charitable lead
unitrusts and annuity trusts are sometimes created as "grantor trusts" to
qualify the donor for the charitable income tax deduction. These trusts need
not be grantor trusts to qualify the donor for the charitable estate tax
deduction.
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