| Option |
Min. Fair Mkt. Val. |
Advantages |
Limitations |
Administrative Fee |
| Charitable Remainder Unitrust |
$100,000 |
- Income can increase
- Flexibility in
designating
beneficiaries
- No capital gains tax on
sale of transferred
assets
- May be more than one
charitable beneficiary
- Allows additional
contributions
|
- Income can
decrease
- Requires trust
document
- Charity must wait for the assets
|
1/4 of 1% charged quarterly or $2,500 minimum annually |
| Charitable Remainder Annuity Trust | $100,000 |
- Predictable Income
- Flexibility in
designating
beneficiaries
- No capital gains tax on sale of transferred
assets
- May be more than one
charitable beneficiary
|
- No additional
contributions
- Requires trust
document
- Charity must wait for the assets
|
1/4 of 1% charged quarterly or $2,500 minimum annually |
| Charitable Gift Annuity |
$10,000 |
- Predictable income
- Convenience
- No capital gains tax on
sale of securities
gifted to charity
- Accommodates
small gifts
|
- One or two lives
- Donor may incur a capital gains
tax on securities
sold to purchase
annuity
|
No fee for res. amt. that goes to NCCF for unrestr. use.
Any portion of res. amt. placed in perm. NCCF fund -
1% x # yrs. annuity was in force.
Any portion of res. amt. going outright to another charity - grad. fee sched. as follows: 1/2 amt. distr.
if under $10K; 1/3 if btwn. $10K & $99,999; 1/4 if btwn. $100K & $999,999; 1/10 if over
$1 million.
|
| Charitable Lead Trust | $500,000 |
- Reduces gift tax on
transfer to heirs
- Expands charitable
deduction limits
- Useful terms ranging
from 10 to 20 years
|
- Limited charitable deduction
- Requires trust document
- Temporarily redirects income from assets during trust term
|
1/4 of 1% charged quarterly or $5,000 minimum annually |
