Gifts that pay you back
By transferring securities, cash, or other property to one of the following types of charitable trusts, you or designated beneficiaries can receive regular income, AND make a charitable gift to Humane Society of the Pikes Peak Region. Receive payments for the rest of your life or, in some cases, up to a certain number of years.
Charitable remainder trusts
A Charitable Remainder Trust (CRT) is a popular planned giving tool that allows donors like you to make a significant charitable impact while also providing financial benefits to you and/or your beneficiaries. This type of trust is an irrevocable arrangement in which a donor transfers assets into a trust that pays income to designated beneficiaries for a set number of years or for their lifetime, after which the remaining assets are distributed to one or more charitable organizations.
There are two types of Charitable Remainder Trusts:
Charitable Remainder Annuity Trust (CRAT):
Fixed income stream based on a percentage of the initial asset value
Income stream does not change over time
Charitable Remainder Unitrust (CRUT):
Variable income stream based on a percentage of the trust’s value, revalued annually
If assets appreciate over time, the income stream will also increase
Who it’s for
- Those who want to make a significant charitable gift while still retaining an income stream from their assets
- Those who want to reduce or eliminate their capital gains taxes on appreciated assets
- Those who want to provide for themselves, their spouse, or other beneficiaries
Benefits
- Reduce or eliminate capital gains taxes
- Retain an income stream for yourself or beneficiaries
- Create a lasting legacy that supports a charitable mission
How it works
- Transfer assets (such as cash, securities, or real estate) into a trust, which is managed by a trustee.
- The trust pays income to designated beneficiaries (such as you, your spouse, or other individuals) for a set number of years or for their lifetime.
- At the end of the trust term, the remaining assets are distributed to one or more charitable organizations.
- Receive an income tax deduction for the present value of the charitable remainder interest in the trust.
- You may also be able to avoid or reduce capital gains taxes on appreciated assets that are transferred into the trust.
Consult with a qualified estate planning attorney and a financial advisor to determine if this is the right option for you.
Charitable lead trusts
A Charitable Lead Trust is a type of trust that allows you to make a charitable gift while retaining some control over the assets during your lifetime. This type of trust makes annual payments to a charity for a set number of years, after which the remaining assets are distributed to non-charitable beneficiaries that you choose (many people choose their family members).
Who it’s for
- Those who want to retain some control over the assets during their lifetime
- Those who want to provide for non-charitable beneficiaries, such as family members, after the charitable period ends
- Those with significant assets and who want to reduce their estate tax liability
Benefits
- Receive an immediate income tax deduction for the value of your contributions
- Retain some control over the assets donated
- Provide for your family’s financial security
- Create a lasting legacy that supports a charitable mission
How it works
- Create a trust and fund it with assets, such as cash, securities, or real estate.
- The trust makes annual payments to a charity for a set number of years, based on a predetermined formula or percentage of the trust assets.
- At the end of the charitable period, the remaining assets are distributed to non-charitable beneficiaries, chosen by you, such as your family members.
- Receive an immediate tax deduction for the present value of the charitable payments made by the trust.
Consult with a qualified estate planning attorney and a financial advisor to determine if this is the right option for you.
We know you feel the same way we do – pets and people are better together. Through planned gifts, our supporters can ensure HSPPR will be here for pets in the future. Ensure programs are in place to carry out this vital work. And ensure pets in our community are always cared for, valued, and welcomed home.
We’ve found a way to support this wonderful organization on an annual basis that is so easy. Designating an amount to be taken from our RMDs and paid to HSPPR supports their mission and reduces our taxes – a win for the precious animals and for us!
The Darby Family
We’re here to help you meet your goals!
Our team would be happy to speak with you in confidence about your giving goals, with no obligation
Name: Randy Harrelson
Title :Donor Relations Officer
Phone: 719-302-8737
Email: rharrelson@hsppr.org
Already included us in your estate plan? Let us know
More ways to make an impact
Gifts in a will or trust
Donations in your will or trust are (by far) the most popular type of planned gift. Learn more, or get help starting your will (for free!).
Beneficiary designations
Gifting assets not covered by your will — like 401(k) or IRA accounts — may help your heirs avoid unwanted taxes, even if you’re below the estate tax threshold.
Popular tax-smart gifts
Many people are increasingly choosing to give non-cash assets, so they can have a bigger impact at less cost to them.