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| Subject:
anonymous charitable trusts
Category: Business and Money Asked by: daisy1-ga List Price: $15.00 |
Posted:
25 Jun 2002 04:42 PDT
Expires: 25 Jun 2002 18:10 PDT Question ID: 32844 |
is it possible to set up a trust to benefit a charity where the donor remains anonymous? |
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| There is no answer at this time. |
| The following answer was rejected by the asker (they received a refund for the question). | |
| Subject:
Re: anonymous charitable trusts
Answered By: mmi-ga on 25 Jun 2002 05:30 PDT |
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Hey daisy1-ga, It looks like this is definitely something that can be done. Searching simply on "anonymous charitable trust" provided a number of hits on documents from organisations such as this wildlife trust: http://www.warwickshire-wildlife-trust.org.uk/Brueton/brueton-supporters.htm here's a US organisation: http://www.otrassn.com/otr/5donor.html For a little general info, here's an excerpt from a page on Amnesty International's site: http://www.amnestyusa.org/join/other/annuity.html A charitable remainder trust allows you to make an irrevocable gift and receive income from that gift for life, or for a set number of years. You also receive a charitable income tax deduction based on the value of the gift. Donors may choose from two types of charitable remainder trusts: the annuity trust pays a fixed dollar amount regardless of the trusts performance, and the unitrust pays a predetermined percentage of the annual fair market value of the trusts assets. The annuity trust is best for donors who seek a regular, fixed income and prefer knowing the amount of the payment in advance. Additional contributions may be made to a unitrust, which offers some protection against inflation. Here's one more document referring to planned gifts in general: http://www.fftc.org/about/giving_guide/plannedgifts.pdf The laws governing estate planning will vary somewhat from state to state, so obviously you should consult an attorney on a matter such as this. Here's a link to a site that deals with California law: http://www.plan-my-estate.com/ Hope this can help you give 'til it hurts! :-) mmi-ga |
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