Charitable Trusts depending on its structure can provide you with an immediate charitable deduction or a charitable deduction from your estate.
Charitable Remainder Annuity Trust – is a gift plan defined by federal law that allows you to provide payments to yourself or others for life or a term of years while making a generous gift to the Georgia Sheriffs’ Youth Homes Foundation.Example: You irrevocably transfer $10,000 in cash to an annuity trust that pays 5% of its initial value each year for the lifetime benefit of an individual. When the annuity term ends, the trust’s principal passes to Georgia Sheriffs’ Youth Homes Foundation to be used for the purpose you designated.
Charitable Lead Annuity Trusts – is a gift plan defined by federal tax law that allows you to transfer assets to your family at reduced tax cost while making a generous gift to Georgia Sheriffs’ Youth Homes Foundation, Inc. Example: You irrevocably transfer $10,000 in cash to a non-grantor lead annuity trust that pays 5% of its initial value each year to Georgia Sheriffs’ Youth Homes Foundation for the lifetime of an individual.