Revocable Living Trust
Donor Receives:
Income earned by trust may be paid to donor, charity, or others.
Tax Savings:
No Income tax benefits (Unless income goes to charity). When property passes to Trinity Episcopal Foundation at death on donor, estate tax deduction is allowed for amounts transferred for charitable purposes.
Other Advantages to the Donor:
Opportunity to change trust (and gift) if desired. Avoidance of probate. Opportunity for professional management of assets in trust by those of donor’s choosing.
Trinity Episcopal Foundation Receives:
Substantial gift, in many cases larger than the donor could comfortably give otherwise.