Other Gifting Options
Giving to the Spokane Guilds' School or Spokane Guilds' School Foundation can be done either directly or through a gift model that can provide tax benefits and even income.
Some examples of these gift models are listed below. To learn more about each of these gift models contact Becky Magnuson, Donor Relations Manager, at (509) 326-1651 ext.309 or e-mail at email@example.com. (It is important to consult with your tax and estate professionals before making planned giving decisions)
Charitable Lead Trust
A charitable lead trust is a trust in which the income interest is paid to the Spokane Guilds’ School, the charitable beneficiary, and the remainder interest either reverts to the donor or is paid to some other noncharitable beneficiary, such as the donor’s heirs, at the termination of the trust. Charitable lead trusts can be a valuable planning tool for the charitably-inclined donor when making multi-generational transfers within the donor’s overall planning scheme, and can provide a current charitable deduction for future gifts.
Charitable Annuity Trust/Charitable Remainder Unitrust
A charitable remainder trust provides a lifetime annual distribution to the donor during the donor’s life or for a set period of time. Specifically, a Charity Annuity Trust pays a preset amount from the trust to the donor, while the Charitable Remainder Unitrust pays income based on a percentage of the fair market value of the trust assets as determined annually. Upon the termination of the period where trust distributions flow to the donor, the balance will be distributed to the Spokane Guilds’ School. This provides a charitable deductions to the donor at the time the trust is funded, and can hold appreciated assets thus potentially allowing the donor to avoid capital gains thereon.
Life Estate Reserve
A life estate reserve is the donation of real property to the Spokane Guilds’ School during the donor’s life, where the donor reserves a life estate so the donor can retain all right and title to the property during their lifetime. In effect, the property automatically transfers to the Spokane Guilds’ School at the death of the donor or the donor’s spouse, as the case may be. This form of transfer can also provide a current charitable deduction for a delayed gift of the real estate, and potentially eliminate built in capital gains on appreciated property.
Give it Twice Trust
A Give it Twice Trust is a planning tool which allows a donor to transfer their IRS at death to a term of years Charitable Unitrust, which will pay income to the named beneficiary for a term of years and then be distributed to the Spokane Guilds’ School. In effect, the donor is provided with the ability to provide some form of income distribution to their heirs for a period of time, with the balance being transferred to the Spokane Guilds’ School thereafter.
Specific and Remainder Estate Distributions
A donor can provide for the Spokane Guilds’ School through their Will or Living Trust.
Donor Advised Funds
A donor can provide for the Spokane Guilds’ School through their personal donor advised fund established through their personal financial planner. A donor advised fund is a fund established for providing charitable donations through a preset fund established by the donor specifically for charitable giving.