Establishing a Trust as a Gift
Establishing a trust to benefit Oasis Sanctuaries Inc. can either provide you with an income for the rest of your life and a donation to us upon your death; or can provide an annual gift to us for the number of years you choose with the remainder then transferring to your heirs. either way, you receive a tax deduction and other possible benefits.
WHY ESTABLISH A TRUST ?
A trust that names Oasis Sanctuaries Inc. as the beneficiary can both fund the work of our organization in your honor and provide tax benefits to you and possibly to your heirs, as well as :
A Charitable Lead Trust (CLT) provides annual payments to Oasis Sanctuaries Inc. for a specified number of years. You receive a tax deduction for an amount equal to the estimated value of these annual donations. At the end of the timeframe you established upon creating the trust, the remaining assets of the trust are transferred to those you named as beneficiaries of the trust, often at significantly lower transfer taxes.
A Charitable Remainder Unitrust (CRUT) allows you or another beneficiary (up to two total beneficiaries) to receive an annual income based on a fixed percentage of the value of the assets of the trust. You establish the percentage at the time you establish the trust; it must be a minimum of 5%. Your tax deduction is based on the percentage of the annual income and your age (or the age of another beneficiary if you chose), and any assets transferred into the trust typically are not subject to capital gains taxes. Upon the termination of the trust at the time of death of the longest surviving beneficiary, all remaining assets are transferred to our organization.
A Charitable Remained Annuity Trust (CRAT) functions the same way as the CRUT, but instead of receiving a percentage of the trusts fair market value each year, you / or your beneficiary(ies) receive a fixed annual payment.
Help further the work and mission of our organization.
HOW OASIS SANCTUARIES INC BENEFITS :
As a beneficiary of a CRUT or CRAT, Oasis Sanctuaries Inc. receives a donation at a later time to use for our programs. A CLT will provide an immediate donation. As with any gift, we ask you to specify in the trust documentation if the donation is for a specific program or instruct us to use it toward the greatest need.
HOW TO BEGIN :
All trusts need to be established with a trustee who will manage the trust and ensure payments are made according to your instructions.
The trust will also handle the investments, potentially selling assets that are not yielding a strong return on investment and reinvesting the proceeds in higher-yielding options, allowing the value of the trust to grow. You or another individual of your choice may serve as a trustee of the trust, or you can appoint a commercial identity like a bank or trust company. Various laws govern the trustee’s responsibility, so care should be used in selecting the trustee.
As with any complex planned gift, please work directly with your attorney or tax advisor to establish your trust. We are also glad to speak with you, or your financial advisor or attorney, to discuss this giving option in complete confidence and without any obligation. Please call to arrange a conversation : (805) 709-5193 or email our Philanthropy Team.
If you have any questions, email our Philanthropy Team.
*This information is provided without obligation as a service and does not constitute tax or legal advice. We encourage you to consult your tax advisor, lawyer or other financial advisor before making any decisions about contributions from your estate or assets.