In the unitrust , the annual income to the donor is variable, based on a fixed percentage of the value of the assets in the trust. In the annuity trust , the annual income is a fixed percentage of the trust s initial value and provides income of a fixed dollar amount. Another type of trust, the charitable lead trust , can be established to provide income to public broadcasting for a period of years, before passing the assets back to the donor or to the donor s family. When you make a gift of your home or farm now, you can receive a current tax deduction, while retaining the security of knowing that you can live there as long as you wish and having the satisfaction of making a significant gift to public broadcasting. You continue to care for the property, pay the taxes and even receive any income it generates.
Many people have securities that have increased greatly in value since their purchase.
By using these stocks for charitable giving, donors can conserve cash for other uses and maximize the value of their gifts. Donors can deduct the full fair market value of appreciated securities and pay no capital gains on their transfer to public broadcasting. This can reduce the cost of making a gift or increase the amount you can afford to give. A simple way to make a significant future gift is to name the ETV Endowment as the beneficiary to receive all or a portion of the proceeds of a life insurance policy no longer needed for its original purpose, or to purchase a new policy for the benefit of South Carolina public broadcasting. You should contact your insurance agent to discuss how best to make such a gift.