10/19/2017
A SOLUTION FOR CASE STUDY #1 • Four deeds: • 2% outright gift to Parks Foundation • 15% to local CF for a 6% CGA for the couple for life • 30% to 20 year CRUT for children, 5% payment • sold 53% to the Parks Foundation • 47% free of capital gains, plus • income tax deductions, offset gains and income taxes, • plus, income for the couple and their adult kids 31
CASE STUDY #2 • Single man, no children, retirement plan a major asset • Heirs he loved: His sister and his partner, his same generation • Contacted charity at age 69 ½, “next year I must take a retirement plan distribution; I don’t need it, but I might.” 32
A SOLUTION FOR CASE STUDY #2 • First gift, a testamentary CRUT in will, to pay 5% for life to his sister and his partner • Second gift, the first of many deferred charitable gift annuities annually, to offset MRD from IRD plan • Third gift, beneficial designation on retirement plan to the trustee of the CRUT in his will, pre‐tax funding • Fourth gift, retained life estate on residence after partner died, donor late 80’s. • Result – multiple income tax deductions and greater income, simplified life, more in scholarships 33