GIFT BY CHARITABLE TRUST
GIFT BY WILL OR REVOCABLE TRUST
How It Works
- You include a bequest provision in your will or revocable trust
- At your death Marine Toys for Tots receives the bequest you specified
Benefits
- You have flexibility to change your bequest or trust designation at any time
- You control the property during your lifetime
- Your bequest or trust designation will not be subject to any potential federal estate tax
- You provide future support for Marine Toys for Tots
CHARITABLE REMAINDERN TRUST
How It Works
- Create Trust Agreement stating terms of the Trust and transfer cash or other property to Trustee
- Trustee invests and manages trust assets and makes payments to income beneficiaries (your family and loved ones) you designate
- Remainder for the benefit of Marine Toys for Tots
Benefits
- Income payments to loved ones you designate, varying annually with the value of the trust
- Federal income-tax deduction for the charitable remainder value of your interest
- No capital-gain tax when trust is established; property is sold by the trust
- Trust remainder will provide generous support for Marine Toys for Tots
CHARITABLE LEAD TRUST
How It Works
- Create trust agreement stating terms of the trust (usually for a term of years) and transfer cash or other property to Trustee
- Trustee invests and manages trust assets and makes annual payments to Marine Toys for Tots
- Remainder transferred to your heirs and loved ones
Benefits
- Annual gift to Marine Toys for Tots
- Future gift to heirs and loved ones at fraction of property's value for transfer-tax purposes
- No charitable income-tax deduction, but donor not taxed on annual income of the trust