Your act of generosity, our longevity.
With gift planning, you can provide long-lasting support for our organization while enjoying financial benefits for yourself.
Providing for Our Children's Future
Ron and Kathy worked for many years building their nest egg for retirement. While they felt their savings and investments would cover their needs, they wanted to make sure that their three children were provided for. One afternoon, a Boys Home development staff person visited them to thank them for their faithful gifts each year. The conversation turned to the couple's long-term planning goals.
We wanted to continue making substantial annual gifts to Boys Home. Yet at
the same time, I was concerned about our children's future.
Ron: Our stock portfolio had appreciated significantly over the years. I wanted to pass these gains on to my family without paying a lot in gift or estate tax.
The person from Boys Home told them about a way they could achieve their personal and charitable goals through a charitable lead trust. The trust would pay income to the charity for a number of years. Then the full trust value, plus any growth, would go to their children. The plan would allow them to pass on substantial wealth to their family with little or no gift or estate tax. It would also reduce the size of their estate in addition to helping the children at Boys Home.
I could see how this plan would be very helpful if the trust was funded
with our stock. Each of our children would receive one-third of the trust
assets in the future. At the same time, we would continue to make gifts to
charity each year.
Ron: I also thought the plan was a good one. It would give our children time to learn how to save and invest. So, we set up a charitable lead trust plan that would begin paying Boys Home income each year. The prospect of helping our children succeed in the future while providing for "our children" at Boys Home was very satisfying.