TRUSTS
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- Giving after your lifetime means that your generosity will touch generations upon generations of children and families and rescue them from extreme poverty. You can use Trusts to reduce taxes and, if you choose, provide ongoing payments to yourself or your loved ones.
- Charitable Lead Trust
- This type of Trust is designed to provide charities with current income from the Trust in the form of interest and asset appreciation payouts. After a specified period (or at death), the balance of the Trust is transferred back to your beneficiaries. This offers the current benefit of donations to charity, and the reduction of taxable income for your beneficiaries.
- Revocable Living Trust
- Gifting to African Vision of Hope through a Revocable Living Trust lets you take care of the people and causes you love and then give in a variety of ways. You can give a designated amount or provide a percentage of your estate.
- Revocable Living Trusts are one of the simplest ways to donate to African Vision of Hope. It offers significant flexibility because you can change your mind at any time.
- Charitable Remainder Trust
- With this type of Trust, you provide assets to the Trust which pays an income to you or anyone you choose. You can designate payments for a certain period of time (up to 20 years) or for your lifetime(s). When the last person receiving payments passes away, the remaining balance of the trust is donated to African Vision of Hope.
- You’ll receive income and save on taxes immediately, while helping the children in the years to come.
- Trusts are initiated by you, with the assistance of a Trust attorney.
- A Trust document is authored, which directs your appointed Trustee regarding the management and disbursements of the Trust.
- No upfront capital gains tax is due when you give unmortgaged appreciated assets to the Trust.
- You will gain the enduring satisfaction of making a major commitment to our important work.
- Your Next Steps
- Charitable Lead Trust
- Giving after your lifetime means that your generosity will touch generations upon generations of children and families and rescue them from extreme poverty. You can use Trusts to reduce taxes and, if you choose, provide ongoing payments to yourself or your loved ones.
- Contact the African Vision of Hope Office at 618-288-7695 or info@africanvisionofhope.org to discuss ways to become a Legacy Builder.
- Seek the advice of your financial or legal advisor.
- If you include African Vision of Hope in your estate plans, use our legal name and Federal Tax ID.
Legal Name:Â African Vision of Hope
Address:Â 8 Professional Park Drive, Maryville, IL 62062 Federal Tax ID Number:Â 71-0929252
- The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results.
