Life income gifts, such as charitable gift annuities and charitable remainder trusts, are created when donors transfer cash, securities, real estate, or other assets to Boston Ballet or into an independent trust. The assets are invested, and the donors or other beneficiaries receive income for life. Donors of life income gifts help to secure Boston Ballet’s future in addition to their own.
Benefits of creating a life income gift with Boston Ballet
• You receive an immediate income tax deduction for a portion of your gift.
• Your lifetime annuity is backed by all of Boston Ballet’s assets.
• Your annuity payments are treated as part ordinary income, part capital gains income and part tax-free income.
• You have the satisfaction of making a significant gift that benefits you now and Boston Ballet later.
DON’T MISS THIS OPPORTUNITY!
Historical reductions to the IRS interest rates make now the time to consider a charitable lead trust. With a charitable lead trust, you contribute securities or other assets to a trust. The trust makes annual payments to Boston Ballet (and any additional charities of your choice) for a period of time. When the trust terminates, the remaining principal is paid to you or your heirs.
Benefits of Charitable Lead Trusts
• The present value of the income payments to Boston Ballet greatly reduces your gift and estate tax.
• All appreciation that takes place in the trust goes tax-free to your heirs.
• The term of payments to charity can be set so as to reduce or even eliminate transfer taxes due when principal reverts to you or your heirs.
Lead trusts have many variables to consider. Therefore, it is highly recommended that an attorney and/or financial advisor be consulted when you are considering this gift to help you reach your personal and financial goals.
We are proud to honor those who have included Boston Ballet in their long term plans with membership in the Cathryn Keith Society. Click here to learn more. Have questions about gift planning? Please contact the Development Department at 617.456.6239 with any questions you may have.
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You should consult with your attorney and tax advisor to determine how these various options might affect your personal tax and estate-planning objectives.