With a Charitable Remainder Trust you receive income from the assets (cash, stock or real estate) placed in the trust, and after your lifetime the remaining balance supports Georgetown Prep. Some benefits are:
- A partial charitable deduction, when you itemize
- Up-front capital gains tax relief
- Professional management of assets
- Future estate tax relief
A charitable lead trust is optimum for directing wealth to grandchildren by reducing the tax burden while making a charitable gift. The trust facilitates yearly gifts to the school for a period of years from the earnings of the trust. Ulitmately, the money in trust goes to whomever you choose, with beneficial tax consequences.
If you have questions, please contact Mr. Jim Michalek, Director of Development. We are here to help and will hold any discussions in confidence.