Give and Gain
Charitable trusts are legal entities that make charity possible, even in impossible circumstances. These giving tools come in two forms — charitable lead trusts and charitable remainder trusts. Both give to the causes you love, while also providing gains for you or your loved ones. Charitable lead trusts do so by generating income for your charity of choice over a set number of years; after which, you or your loved one regain ownership of the assets. A charitable remainder trust flips this process by providing you or a loved one with annual income for a period of years or your lifetime. At the lapse of this time frame what remains in the trust is transferred to support the mission of your favorite charity.