Protect Your Assets
Charitable Lead Trusts Offer You Options
You can benefit from the tax savings that result from supporting MANNA FoodBank without giving up the assets that you'd like your family to receive someday with a donation in the form of a charitable lead trust.
There are two ways that charitable lead trusts make payments to MANNA:
A charitable lead annuity trust pays a fixed amount each year to MANNA and is more attractive when interest rates are low.
A charitable lead unitrust pays a variable amount each year based on the value of the assets in the trust. With a unitrust, if the trust's assets go up in value, for example, the payments to MANNA go up as well.
An Example of How It Works
George would like to support MANNA and receive tax benefits. George received a windfall amount of income and needs a large income tax deduction to offset the income. Following his advisor’s recommendation, George funds a grantor charitable lead annuity trust with assets valued at $1,000,000. George’s trust pays $60,000 (6% of the initial fair market value) to MANNA each year for 15 years, which will total $900,000. After that, the balance in the trust reverts back to George. He receives an income tax charitable deduction of $686,160. Assuming the trust earns an average 8% annual rate of return, George receives approximately $1,619,706 at the end of the trust term.
*Based on a 3.6% charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.
See which type of charitable trust best fits your estate plan with the FREE guide Choose From 2 Win-Win Ways to Donate.
Calculate Your Benefits
Submit a few details and see how a charitable lead trust can benefit you.
- Contact Chad Conaty at 828 774-5910 or 828 299-3663 ext 1243 or firstname.lastname@example.org to talk about supporting MANNA by setting up a charitable lead trust.
- Seek the advice of your financial or legal advisor.
- If you include MANNA in your plans, please use our legal name and federal tax ID.
- Please let us know of your intent so we can recognize you in our Future Plate Circle of Friends.
Legal Name: MANNA FoodBank, Inc.
Address: 627 Swannanoa River Road Asheville, NC 28805
Federal Tax ID Number: 58-1514800