Planning for the future—for you and your community.
Under the right circumstances, this plan can increase your income, reduce your taxes, unlock appreciated investments and rid you of investment worries.
Immediate tax deduction
No probate or estate taxes
Fixed income or an annual percentage payout to the donor
Donors should consult their professional advisor before establishing a charitable remainder trust.
Managing our Charitable Trusts
The Foundation has formed a partnership with New Mexico Bank and Trust to manage all Charitable Remainder Trusts. Click here to read more about this partnership.
A gift that pays.
James Assad was retired and in his late seventies. The stocks he owned had high market values, but they paid limited dividends. In addition to increasing his personal income, James was interested in giving to the community in which he had lived his entire life, so he decided to transfer the securities to a Charitable Remainder Trust that eventually would create a fund with his local community foundation.
“The income I received from the trust is more than what I was collecting in annual dividends—by thousands of dollars. If I would have sold the stocks, I’d have paid a fortune in capital gains tax,” says James. James also receives an immediate charitable tax deduction and pays less tax on trust distributions. “Plus,” he says, “I know that when I pass, I’ve done something good.” In time, James’ gift will create the Assad Family Unrestricted Fund to address ever-changing community needs.