Make A Gift And Receive Lifetime Income

There are ways for you to make a contribution to TURN AND receive income for the rest of your life.  Here is a common arrangement:

Charitable Remainder Trust

A charitable remainder trust can be tailored to accommodate a wide variety of gift assets and to meet your personal financial and philanthropic goals. Charitable remainder trusts can offer you a number of important benefits:

  • An income tax charitable deduction
  • Increased spendable income
  • No capital gains tax when appreciated property is transferred to the trust
  • Reduction of your taxable estate
  • Long term support of TURN

To establish a charitable remainder trust (CRT), you make an irrevocable contribution of cash, securities, or other property to a trust (administered by a trustee of your choice) and designate a person or persons who will receive income (you may be one of them.) The income beneficiaries designated receive the income generated by the trust for a term not to exceed twenty years or for life.  When the specified time of payments has concluded, the appointed trustee pays the principal to TURN.

You may fund the charitable remainder trust with real estate, stock, cash or a combination of all of these.

If you would like additional information about naming TURN as a beneficiary of a charitable remainder trust, please contact our executive director, Mark Toney.

Please let us know if you include TURN in your estate plan so that we may thank you and welcome you as a member of the Sylvia Siegel Legacy Society.