Giving for the Greater Good
In 2006, there were no major natural disasters like Hurricane Katrina and the Asian tsunami, yet Americans donated a record $295 billion to charitable causes, topping the $283 billion they donated in 2005.1 Philanthropy is a time–honored tradition. When you utilize a structured giving strategy, your efforts can help reap greater benefits for you, your heirs, and your favorite charity. Two popular methods for leveraging charitable gifts involve the following types of trusts. Charitable Remainder Trust When money, securities, property, or other assets are placed in a properly structured charitable remainder trust, the donor (or a beneficiary) receives any income…