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When and What to Give
There are many reasons an individual - or family or institution - may choose to give assets to the Trust. When and why your client should contact the Trust depends on the answers to the following questions:
When and why your client should contact the Trust depends on the answers to the following questions:
- Is there a specific charitable concern your client wants to address?
- Does your client have an interest in supporting a specific not-for-profit organization, perhaps in perpetuity?
- Does your client want to use illiquid assets to fund charitable giving?
- Does your client want to create a charitable legacy for himself or herself or a loved one?
- Is your client looking to start a family tradition of philanthropy?
- Does your client want to maximize the tax advantages of his or her charitable giving?
- Does your client want to support the Chicago community while minimizing paperwork and administration?
- Does your client have a variety of charitable goals, but need help choosing where to focus his or her resources?
The assets your client chooses to make available, combined with the goals your client identifies, will help us direct you and your client to the best possible giving vehicles. Your client may make a gift to the Trust during lifetime or at death by bequest in their estate planning documents. An expert in our Philanthropic Services Department can help you and your client sort through the choices, but in broad strokes, the Trust most often accepts:
- Cash Gifts
- Life Insurance
- Retirement Assets
- Stocks and Securities
- Real Estate
- Bargain Sale Assets
The Trust offers expert grant makers, fund administrators and attorneys who can help you and your client choose the most appropriate assets – and the most effective way to use them – to reach your client’s philanthropic goals.
The Trust’s experts have experience with:
- Bequests
Whether straight bequests or residual / contingent beneficiary bequests, the Trust will help you and your client determine the proper language to make it happen.
- Charitable Remainder Trusts
An ideal vehicle for donors wishing to give to the community and create an income stream – particularly using appreciated securities or real estate – Trust experts will walk you and your client through the pros and cons of unitrusts, annuity trusts and more.
- Charitable Lead Trusts
Donors looking to maximize the tax benefits of their philanthropy will find the Trust adept at handling charitable lead trusts.
- Charitable Gift Annuities
Combining the benefits of remainder and lead trusts, the charitable gift annuity provides income for the donor while establishing a lasting legacy to a family or institution with a permanent named fund.
For more information about these asset vehicles, and others, contact the Trust’s Director of Gift Planning, Jason Baxendale.
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