Life Income Gifts

Giving to Walkway Over the Hudson can be done either directly or through a gift model that can provide tax benefits and even income. Interested in more information? Email legacy@walkway.org or call 845-454-9649, ext. 103

Charitable Remainder Unitrust

You may be concerned about the high cost of capital gains tax with the sale of an appreciated asset. Perhaps you recently sold property and are looking for a way to save on taxes this year and plan for retirement. A charitable remainder unitrust might offer the solutions you need!

Benefits of a charitable remainder unitrust

Receive income for life, for a term of up to 20 years or life plus a term of up to 20 years
Avoid capital gains on the sale of your appreciated assets
Receive an immediate charitable income tax deduction for the charitable portion of the trust
Establish a future legacy gift to our organization

How a charitable remainder unitrust works

You transfer cash or assets to fund a charitable remainder unitrust.
In the case of a trust funded with appreciated assets, the trust will then sell the assets tax-free.
The trust is invested to pay income to you or any other trust beneficiaries you select based on a life, lives, a term of up to 20 years or a life plus a term of up to 20 years.
You receive an income tax deduction in the year you transfer assets to the trust.
Our organization benefits from what remains in the trust after all the trust payments have been made.

Charity Remainder Annuity Trust

You may be looking for a way to receive fixed income for life or a number of years. You may be concerned about the high cost of capital gains tax with the sale of an appreciated asset. Perhaps you recently sold property and are looking for a way to save on taxes and plan for retirement. A charitable remainder annuity trust may offer the solutions you need.

Benefits of a charitable remainder annuity trust

Receive fixed income for life or for a term of up to twenty years
Avoid capital gains tax on the sale of your appreciated assets
Receive an immediate charitable income tax deduction for the charitable remainder portion of your gift to the Walkway Over the Hudson.

How a charitable remainder annuity trust works

You transfer cash or assets to fund a charitable remainder annuity trust.
In the case of a trust funded with appreciated assets, the trust will then sell the assets tax-free.
The trust is invested to pay fixed income to you or any other trust beneficiaries you select based on a life, lives, or a term of up to 20 years.
You receive an income tax deduction in the year you transfer assets to the trust.
Our organization benefits from what remains in the trust after all the trust payments have been made.

Charitable Lead Trust (for Family)

If you are looking for a way to pass on some of your assets to your family while reducing or eliminating gift or estate taxes, a charitable lead trust is an excellent option.

Benefits of a charitable lead trust

Receive a gift or estate tax charitable deduction
Pass inheritance on to family at a reduced or zero cost
Establish a vehicle from which you can make annual gifts to charity

How a charitable lead trust works

You make a contribution of your property to fund a trust that pays the Walkway Over the Hudson income for a number of years.
You receive a gift or estate tax deduction at the time of your gift.
After a period of time, your family receives the trust assets plus any additional growth in value.

Sale & Unitrust

Are your appreciated assets, such as stock, bonds, or real estate, producing little or no income?

If you sell your appreciated assets, you will pay a large capital gains tax. A sale and charitable remainder unitrust may be the solution to avoid capital gains tax.

Benefits of a sale & unitrust

Receive cash from the sale. You can use this cash to purchase another residence, to save for retirement, to travel, to meet your daily needs, or to meet some other financial goal
Receive income from the unitrust for the rest of your life and future retirement
Obtain an income tax deduction that may reduce your tax bill this year
Further the work of Walkway Over the Hudson with your gift

How a sale & unitrust works

You establish a charitable remainder unitrust and transfer a portion of your assets to the trust.
The assets are then sold. You receive cash from the sale, and the rest of the sale's proceeds are paid to the charitable unitrust.
The trust will provide you with income for the rest of your life.
You receive a charitable deduction this year to offset your tax on the cash proceeds that you receive from the sale.

1040278_10152999732545005_210034388_o (1).jpg

Give it Twice Charity ~
Help Family & Charity

You may be looking for a way to provide your children with income while making a gift to the Boston Foundation. The "give it twice" trust is a popular option that allows you to transfer your IRA or other assets at death to fund a term of years charitable remainder unitrust. We call this kind of unitrust a give it twice trust because you can use the trust to pay income first to your family for a number of years and then distribute the balance of the trust to charity.

Benefits of a give it twice trust

Use the full value of your unused retirement account to provide income to your surviving spouse and to provide income to children or other loved ones for a specified period of time
Create an estate tax deduction and savings from the charitable gift
Support the important charitable work of the Boston Foundation

How a give it twice trust works

We can help you and your attorney with the process of creating a charitable remainder unitrust.
You complete an IRA or other retirement account beneficiary designation form, naming the charitable trust as the beneficiary, and return the form to the account custodian.
When you pass away, the custodian will transfer your retirement account to the charitable trust.
The trust will pay income to your spouse, children, or other individual beneficiaries for their life, term of years, or life plus term of years.
At the conclusion of the payments, the balance of the trust will be transferred to the Walkway Over the Hudson.