- A charitable remainder trust or a charitable gift annuity will give you an immediate income tax deduction, a lifetime stream of income, and a waiver of capital taxes owned on contributed property
- A charitable lead trust creates an income stream to charity for a term of years with the remainder of the trust going to your children without any estate or gift tax consequences
- A donor advised fund allows you to maximize your income tax savings on your regular monthly contributions to church or charities
- A private foundation offers you the complete freedom to control your giving by placing restrictions on how your gifts are used by charities
Prospective donors often have many questions when it comes to the topic of charitable giving. An increasingly popular and accessible solution is the construction of a private foundation. While the amount of assets available to endow the foundation is important, it is by no means the sole, or even the most important, factor in your decision.
