Category Archives: Uncategorized
Charitable Lead Trust
A charitable lead trust allows you to donate to nonprofit organizations, like Gargiulo Education Center, for a certain number of years, while leaving the remaining assets to individuals designated by you. To create such a trust during your life, you must transfer assets (e.g., cash, stocks, real estate) to a trustee through a trust agreement. The trustee then invests your assets and makes payments to the nonprofit organization(s) of your choice for a specified number … READ MORE
Bequests
A bequest is a gift included in a Will that takes effect at death. You may make a bequest to nonprofit organizations like the Gargiulo Education Center (GEC) by either executing a new will or amending an already existing will. As with other forms of charitable gifts, you may specify how your bequest will be used by GEC. The entire amount of a bequest to GEC qualifies for an estate tax charitable deduction. Bequests to … READ MORE