Establish an endowed fund at your Church through the trust. A lead trust is the opposite of a charitable remainder trust. It is an extremely tax efficient way of passing assets to future generations while, at the same time, making a large donation to the church. The church is given a stream of dependable annual income to carry out its mission. The donor may be able to pass the asset to heirs at a very low tax cost.
Church receives outright gift for term of trust Church can plan for longer range.
The need for insurance coverage usually lessens as we age. Term insurance protects us for a stated term, usually one year. A life insurance policy can be given in an outright gift. The donor gives-up all rights of ownership in the policy and thereby receives an income tax deduction. A donor can also name a charity as a total or partial beneficiary of the policy, continue to maintain the policy, and receive a charitable tax deduction for premiums he or she makes to keep the policy in force.