Building a Legacy
Would you like to enjoy the tax savings that come with supporting Convent & Stuart Hall, and yet save your assets to give to your loved ones some day? You can have it both ways with a charitable lead trust.
There are two ways that charitable lead trusts can contribute to Convent & Stuart Hall:
A charitable lead annuity trust pays a fixed amount each year to the school.
A charitable lead unitrust pays a variable amount each year based on the value of the assets in the trust. With a unitrust, if the trust's assets go up in value, the payments to Convent & Stuart Hall go up as well.
Calculate Your Benefits
Submit a few details and see how a charitable lead trust can benefit you.
An Example of How It Works
George would like to support Convent & Stuart Hall and provide for his children. George received a windfall amount of income and needs a large income tax deduction to offset the income. Following his advisor's recommendation, George funds a grantor charitable lead annuity trust with assets valued at $1,000,000. George's trust pays $70,000 (7 percent of the initial fair market value) to Convent & Stuart Hall each year for 15 years, which will total $1,050,000. After that, the balance in the trust reverts back to George. He receives an income tax charitable deduction of $854,311. Assuming the trust earns an average 6 percent annual rate of return, George receives approximately $767,240 at the end of the trust term.
*Assuming annual payments and a 3.2 percent charitable midterm federal rate.
- Contact Karen Lenardi at 415.345.5803 or firstname.lastname@example.org to talk about supporting Convent & Stuart Hall by setting up a charitable lead trust.
- Seek the advice of your financial or legal advisor.
- If you include Convent & Stuart Hall in your plans, please use our legal name and federal tax ID.
Legal Name: Schools of the Sacred Heart San Francisco
Address: San Francisco, CA
Federal Tax ID Number: 94-1156671
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.