There are distinct tax advantages in the transfer of trusts and stocks to Youth Crisis Center.

CHARITABLE REMAINDER TRUSTS

A Charitable Remainder Unitrust is a trust funded by the transfer of property whereby no capital gains tax would be due on the sale of assets by the Trust and the donor would receive an income tax deduction for the gifting of property. One or more beneficiaries would receive a lifetime income, and after the lifetime of the income beneficiaries, the remaining trust principal is gifted to YCC.

A Charitable Remainder Annuity Trust is similar to a unitrust except that the income is paid to beneficiaries as a fixed dollar amount rather than a fixed percentage. A Charitable Remainder Lead Trust would pay income to YCC according to terms specified in the trust after which the principal is distributed back to the donor or their heirs.

Benefits to the Donor:

1) income tax deductions;

2) avoidance of capital gains tax;

3) increased income to donor;

4) reduction (or elimination) of Federal Estate Tax; and/or

5) ability to leave a lasting legacy to YCC.

REVOCABLE LIVING TRUSTS

A Revocable Living Trust is a superb vehicle for accomplishing several different tasks at the same time. The donor remains in control of their assets while receiving income for life. At the same time, the donor can designate YCC as a beneficiary of some or all of the assets within the trust. This decision can be revoked or amended at any time during the donor’s lifetime. The living trust is a private document and does not pass through the probate process, incurring unnecessary costs and delays.

Benefits to the Donor:

1) avoidance of probate;

2) control over management & distribution of assets;

3) avoidance of a possible guardianship;

4) estate settlement is a private matter – not public; and/or

5) donor can amend or revoke the trust at any time.

ANNUITIES

A Charitable Gift Annuity is a very simple way to donate to YCC. After a donation of cash or property, YCC would agree to pay the donor, as well as beneficiaries, a fixed dollar amount of income guaranteed for their lifetime. A Deferred Gift Annuity is a variation of the charitable gift annuity whereby the payment of income is delayed at least one year from the date of the gift.

Benefits to the Donor:

1) avoid capital gains tax;

2) guaranteed Income for lifetime of donor; and

3) very simple to accomplish.

STOCKS

Stocks can be transferred to YCC by contacting Pam Morgan or Tom Patania at (904) 720-0002. Information about the transference of stocks to YCC can be obtained through our tax attorney, James Walker, at jwalker@lawplanning.com

 

Youth Crisis Center/ Touchstone Village complies with the Florida state Solicitation of Contributions Act, Chapter 496. Our registration number is SC-03564. To obtain a copy of our official registration and financial information from the Division of Consumer Services, call toll-free, within Florida, 1-800-435-7352. Registration does not imply endorsement, approval or recommendation by the state. One hundred percent of your donation will go to Youth Crisis Center

  / Toushstone Village.