 With your estate planning professional, you and The Catholic Foundation will be able to explore many varied methods of making a lasting charitable gift.  Among the most flexible and beneficial options for creating or contributing to an endowment with The Catholic Foundation of Southwestern Indiana are various life income trusts. Using these, you will provide continuing income for yourself and your heirs, avoid significant capital gains and estate taxes, and display tremendous stewardship to the Catholic Church in southwestern Indiana. In creating a life income trust, you first fund the trust with a substantial, irrevocable gift to a specific endowment with The Catholic Foundation. The Foundation will invest your contribution, and you or your designees will receive income for as long as you choose. It must be for a definite term (not more than 20 years, or the rest of your life). At the end of that time, the remaining principal permanently benefits your selected endowment. You may establish a life income trust using assets, such as real estate, stock, or cash. Funding with appreciated long-term property enables you to protect your profit or reinvest for a higher yield, while avoiding capital gains taxes. You are thus able to maximize the value and benefit of the property - as income and as a gift.
|
 |
 |
|||||||||||||||||||||||
|
||||||||||||||||||||||||
|
|
|||||||||||||||||||||||