Many of his fraternity brothers went on to become high school teachers. Before he entered the Army, he, too, considered a teaching career, and he still thinks about teaching at the community college or university after he retires from business. I believe strongly in the value of education. I talk to my frat brothers who are teachers about the struggles they face in the classroom. Publications Office A Charitable Trust Works Trust money is placed in a portfolio of low-risk investments.
Donors receive lifetime income from a specified percentage of investment earnings.
The Strands, for instance, are entitled to an annual payout of 8 percent, though they don't plan on drawing out any money until they retire ten or so years from now. Personal taxes must be paid upon withdrawal of the income, but at a far lower rate than for lump sum capital gains.