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Gift Planning - Legacy Circle
How Life Income Gifts Work
You can make a gift to The Home for Little Wanderers through an annuity or trust that will pay you and/or another beneficiary annual income for life.
Charitable Gift Annuity
Charitable Remainder Trust
The trustee pays out to you and/or a designated beneficiary(ies) an income for life. You also receive a charitable income tax deduction in the year you establish the trust. Upon the passing of the beneficiary(ies),The Home receives the remainder of the trust to support the most vulnerable children and families in Massachusetts.
There are two kinds of charitable remainder trusts. A charitable remainder unitrust provides a variable rate or return. It pays a predetermined percentage of the fair market value of the trust’s assets as re-valued annually. A charitable remainder annuity trust pays a fixed dollar amount every year regardless of market performance.
Charitable Lead Trust
With a charitable lead trust, the trustee provides income to The Home for a period of years that you choose. Payments can be fixed or variable. When the trust term ends, the remainder of the trust goes back to you or can pass to another person whom you name, such as children or grandchildren. Using a lead trust may reduce the federal gift or estate tax cost of transferring assets to heirs.
You can establish charitable remainder and lead trusts during your lifetime or through your will.
If you would like to know how much income you would
receive based upon your age,
or have other questions, please contact:
Senior Philanthropic Officer
The Tax ID for the Home for Little Wanderers is 04-2104764