Increase Your Income and Leave a Legacy

As unlikely as it may seem, you can actually increase your available income by making a generous gift to Royal Lane Baptist Church. A charitable remainder unitrust (CRUT) is an arrangement in which you donate assets to a trust that pays you (and another person, if you choose) a variable amount for your lifetime(s) or a term of up to 20 years. At the end of the trust, the remaining assets go to the charitable organization(s) you designate.

Example: Joan, 72, owns 2,500 shares of a company‚ stock that she bought many years ago at $73 per share. Today the stock is valued at $103.75 per share and pays her a dividend of 1.1 percent.

Helen decides to give her stock to a CRUT that each year will pay her 6 percent of the fair market value of the trust assets. The payment amount will fluctuate as the trust assets are revalued annually.

The Payoff

• After Joan’s death, the unitrust assets will benefit Royal Lane Baptist Church.
• Joan receives an immediate charitable income tax deduction of $133,111.* With a marginal income tax rate of 25 percent, she saves $33,278 in income taxes.
• Joan increases her income from $2,853 a year to $15,563.

These benefits can be yours–please contact Ray Atkinson to learn more.

*Based on quarterly payments and a 5.8 percent charitable midterm federal rate