Charitable Trusts

There are many types of charitable trusts available through the Jewish Community of Louisville. Our estate planning professionals will work with you and your advisers to find the right solution for your individual situation.

Charitable Remainder Trust

A Charitable Remainder Trust provides a way to obtain an income for life, which can grow as the funds invested in the trust grow.  Upon the expiration of the term, the remainder of the trust goes toward a philanthropic purpose established by you at its creation. Your charitable remainder trust can be designed as either an Annuity Trust, with a fixed annual payment to you, or as a Unitrust, in which case you are paid a fixed percentage of the value of the assets.

Donor Benefits

  • An income stream for life for you, a spouse or someone you designate
  • An immediate tax deduction at the time the trust is created
  • Removal of assets from your estate, which may reduce estate taxes
  • A gift that will benefit the Jewish community in the future

Charitable Lead Trusts

A Charitable Lead Trust is an excellent way to transfer property to family members with significantly reduced gift or estate taxes. A Charitable Lead Trust is established for a specific term by contributing an income-generating asset, often real estate. The trust pays a fixed annual amount to a Jewish community until the end of the term. Thereafter, the trust’s principal passes to your heirs or beneficiaries.

Donor Benefits

  • Reduces taxes that would otherwise be due on assets left to children and grandchildren
  • Allows donor to make a substantial charitable gift over a period of years until major assets are passed on
  • No estate tax is paid on the appreciation of assets place in the trust

For more information about setting up a charitable trust at the Jewish Community of Louisville, contact Stew Bromberg, (502) 238-2755 or sbromberg@jewishlouisville.org.

The Jewish Community of Louisville does not provide legal advice. Donors are encouraged to consult their independent tax and legal counsel.

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