Trusts & Annuities

Charitable Gift Annuities: In exchange for a large gift of cash or securities, Boys & Girls Village will guarantee to pay you and/or another beneficiary a specified payment for life. This is one of the oldest, simplest and most popular ways of making a large gift. Among the tax benefits to the donor is that in addition to the current charitable deduction, a portion of each annuity payment is income tax free.

The Deferred Gift Annuity is a recent innovation that appeals to younger donors who are in their peak earning period. There is an immediate tax deduction for the gift, but the annuity payments do not start until a future date - usually at the donor's retirement, thereby providing extra retirement income on a tax sheltered basis.

Charitable Lead Trusts: Assets that generate an income or that are likely to appreciate substantially can be put to good use as the principal of a charitable lead trust. A lead trust transfers the income from these assets to the agency for a designated period of time (typically 10 to 20 years or more). At the end of that time, the assets are returned to the donor, his or her heirs, or any other persons designated. In this manner, donors can direct a sizeable amount of annual income to the agency while guaranteeing that their heirs will ultimately benefit from the asset.

Charitable Remainder Trust: Under this type of trust, the donor receives certain tax benefits and a return on the trust assets. After the donor's lifetime, the remainder of the trust comes to the agency for purposes that the donor has designated.