Charitable Gift Trust

A Charitable Gift Trust is a legal arrangement that allows individuals to contribute assets, such as cash or property, to a trust designated for charitable purposes. It offers potential tax benefits and can provide ongoing support to the chosen charities. The trust is managed by a trustee who ensures that funds are distributed according to the donor’s intentions. This setup enables donors to make a meaningful impact, receive possible tax deductions, and sometimes generate income for themselves or their beneficiaries during the trust’s lifetime. It’s a strategic way to support charitable causes while managing tax and financial planning.