Charitable Remainder Trusts
A charitable remainder trust is an arrangement that allows you to provide income to yourself or others for life (or a term of years), after which the trust assets go to SAB to help train future dancers at the School.
To establish a charitable remainder trust you irrevocably transfer cash, securities, or other assets to a trustee of your choice – who will invest the assets and make “income” payments to the beneficiary (or several beneficiaries) you have named. The annual payments to the income beneficiary can be either a fixed dollar amount (Charitable Remainder Annuity Trust) or a variable amount (Charitable Remainder Unitrust), depending on your wishes, goals and desires. When the trust ends, the remaining trust principal passes to SAB.
You receive an immediate income tax deduction for a portion of your contribution to the trust
You pay no upfront capital gains tax on appreciated assets you donate to the trust
You or your designated beneficiaries receive income for life or a term of years
Your estate may enjoy reduced probate costs and estate taxes
You have the satisfaction of making a significant gift that benefits you now and SAB later
If you create a Charitable Remainder Trust for the ultimate benefit of SAB, you'll be eligible to join the Founders Society. To learn more, click here.
For more information and/or a personal illustration please contact Kristen Barrett, Director of Development, at 212-769-6615 or firstname.lastname@example.org. All inquires are confidential.