In-Kind Gift planning uses tax laws to enable you to pursue your philanthropic goals while minimizing your cost of giving and maximizing the benefits to yourself and your family. Bequests One of the simplest ways to support the Corcoran is through a bequest provision in your will.
Bequests can be specific or residual.
Charitable Remainder Trusts Charitable remainder trusts allow you to make a substantial gift to the Corcoran while receiving income. An Annuity Trust pays a fixed dollar amount determined at that time the trust is established. The income from a Unitrust varies from year to year, depending on the changing value of the trust's assets. Both an Annuity Trust and a Unitrust entitle you to an income tax charitable deduction and, when appreciated property is given, to bypass the capital gains tax on the transfer. We strongly urge donors considering a planned gift to consult their personal advisors about the tax implications of the proposed gift.