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Charitable Trusts

Charitable trusts provide a wide variety of tax benefits to the donor and allow for a flexible, planned giving arrangement. It is best that a charitable trust be drawn up by an attorney that specializes in planned giving. It is also advisable that a donor consult with his/her accountant or financial adviser before electing to develop a charitable trust. One should anticipate that there will be set-up costs associated with establishing a trust because of the professional assistance that will be required to do so. Because of the costs involved in establishing a charitable trust and the requirements associated with this type of gift, charitable trusts are most typically utilized when a donor is interested in providing a gift of $500,000 or more.

Please note that we are providing this information for your general education only. We are not providing you with legal, tax, or financial planning advice. You must work with a qualified professional adviser to determine how best to plan your own estate. The inclusion of a resource list does not imply endorsement of nor referral to any individual, organization or document plan and is included for informational purposes only.