Trusts
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| All of us can accomplish Charitable Giving in many ways that are gratifying, and also have tax benefits associated with them. Your legal or investment advisor can help describe the potential benefits of giving to charity in the following ways: |
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| • CHARITABLE REMAINDER ANNUITY TRUST. A trust established |
| and funded by a donor or donors which pays to designated |
| beneficiaries a fixed annual percentage (dollar amount) of the initial |
| market value of the trust. After death of the life income beneficiaries, |
| the remainder left in the trust goes to the named charitable beneficiary |
| or beneficiaries. |
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| • CHARITABLE REMAINDER UNITRUST. Same as the Annuity Trust |
| above, except additional contributions can be made at a later date and |
| the fixed percentage annual payout is based upon the net fair market |
| value of trust assets at the beginning of each year. |
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| • CHARITABLE LEAD TRUSTS. As determined by the donor, these |
| trusts provide annuity or unitrust (see above) type payments to the |
| charity for a set number of years after which the remaining assets are |
| distributed to beneficiaries named by the donor at their appreciated |
| value with no further gift or estate tax. |
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| • POOLED INCOME FUND. This type of charitable mutual-like fund can |
| be operated only by a qualified public charity such as the Milwaukee |
| Foundation. Net income goes to the purchaser/donor (or a joint or |
| successor beneficiary) for life and, thereafter, the remainder value of |
| the units goes to the St. John Vianney Endowment Fund. Charitable |
| deductions are determined by tax tables based on age and the fund's |
| earning experience. |
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| Your advisors can help you sort through the complexity of charitable giving stratergies and help you determine effective ways to make gifts to St. John Vianney during your lifetime or after your death. You will be benefiting St. John Vianney. |
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| This is not intended to be legal advice. You are encouraged to work with your current tax advisor and legal representatives to explore in more detail the advantages and disadvantages of planned giving strategies. |
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