Gift Planning Options – Charitable Trusts : Victory Junction

Charitable Trusts

You may be concerned about the high cost of capital gains tax with the sale of an appreciated asset. Perhaps you recently sold property and are looking for a way to save on taxes this year and plan for retirement. Or, you want a plan that provides for your family and also supports Victory Junction. A charitable trust might offer the solution you need.

When it comes to establishing a Charitable Trust, you have options. The two most popular options are Charitable Lead Trust (CLT) and Charitable Remainder Trust (CRT).

Benefits of Gifts of a Charitable Lead Trust
● Victory Junction will receive funds for life, for a term of up to 20 years or life plus a term of up to 20 years
● At the end of the term, your named beneficiary receives the remainder of the trust
● You receive an immediate charitable income tax deduction for the charitable portion of the trust
● You avoid capital gains on the sale of your appreciated assets
● You make an impact for the kids at Victory Junction!

Benefits of Gifts of a Charitable Remainder Trust
● You or your loved ones receive income for life, for a term of up to 20 years or life plus a term of up to 20 years
● At the end of the term, Victory Junction receives the remainder of the trust
● You avoid capital gains on the sale of your appreciated assets
● You receive an immediate charitable income tax deduction for the charitable portion of the trust
● You make an impact for the kids at Victory Junction!

How To Do It
Setting up a Charitable Trust begins with a conversation with your professional advisors. Your advisor can help you determine the best type of Trust meets your goals. Then, at the time you determine is right, your cash or appreciated property will be used to create the charitable trust.

We’re Here to Help
If you would like more information about including Victory Junction in your plans, or if you have already included Camp please contact Tonya Hayes at thayes@victoryjunction.org or 336.495.2041.

45 Club
When setting up a CRT or CLT, it’s helpful to let Camp know. Sharing your plans for the future allows Camp to better plan for ours. It also allows us an opportunity to thank you personally and to include you in Camp’s 45 Club – which honors those committed to Camp’s future.

Please Note:
This site is informational and educational in nature. It is not offering professional tax, legal, or accounting advice. For specific advice about the effect of any planning concept on your tax or financial situation or with your estate, please consult a qualified professional advisor.

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