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If you want to make an impact now at a Providence foundation and also provide for your family later, consider setting up a charitable lead trust. You transfer cash or other assets to a trust that makes payments to a Providence foundation for a period of time. When the term is up, the remaining trust passes to your family or other beneficiaries you select.
There are two ways that charitable lead trusts make payments to Providence:
A charitable lead annuity trust pays a fixed amount each year to Providence and is more attractive when interest rates are low.
A charitable lead unitrust pays a variable amount each year to Providence based on the value of the assets in the trust. With a unitrust, if the trust's assets go up in value, for example, the payments to Providence go up as well.
George would like to support Providence and receive tax benefits. 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 $60,000 (6% of the initial fair market value) to Providence each year for 15 years, which will total $900,000. After that, the balance in the trust reverts back to George. He receives an income tax charitable deduction of $770,960. Assuming the trust earns an average 8% annual rate of return, George receives approximately $1,637,530 at the end of the trust term.
*Based on a 2.0% charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.
Submit a few details and see how a charitable lead trust can benefit you.
Legal name: Providence National FoundationProvidence Marianwood FoundationProvidence TrinityCare Hospice FoundationProvidence General FoundationProvidence Hospice and Home Care Foundation of Snohomish CountyProvidence Mount St. Vincent FoundationProvidence Hospice of Seattle FoundationProvidence Children's Health FoundationProvidence Benedictine Nursing Center FoundationProvidence Community Health Foundation - Southern OregonProvidence Hood River Memorial Hospital FoundationProvidence Milwaukie FoundationProvidence Newberg Health FoundationProvidence Portland Medical FoundationProvidence St. Vincent Medical FoundationProvidence Seaside Hospital FoundationProvidence Willamette Falls Medical FoundationProvidence Foundations of Oregon
Address: 4400 NE Halsey Street, Suite 599, Portland, OR 972133725 Providence Point Dr. SE, Issaquah, WA 980295315 Torrance Blvd. #B1, Torrance, CA 90503916 Pacific Avenue, Everett, WA 982011615 75th St. SW, Suite 210, Everett, WA 982034831 35th Ave. SW, Seattle, WA 981262811 S. 102nd Street, Suite 220, Tukwila, WA 98168830 NE 47th Ave., Portland, OR 97213540 Main St., Mt. Angel, OR 97362940 Royal Ave., Suite 410, Medford, OR 97504810 12th St., Hood River, OR 9703110150 SE 32nd Ave., Milwaukie, OR 972221001 Providence Dr., Newberg, OR 971324805 NE Glisan St., Portland, OR 972139205 SW Barnes Rd., Portland OR 97225725 S. Wahanna Road, Seaside, OR 971381500 Division Street, Oregon City, OR 97045P.O. Box 3375, Portland, OR 97208
Federal tax ID number: 94-307854391-755428833-026101691-104161727-255274991-118811991-207727893-080014091-194028693-069290793-092199094-307951593-088914493-123149493-057598293-092732093-1003750Select your foundation to view
See which type of charitable trust best fits your estate plan with the FREE guide Trusts: Choose From Two Ways to Donate.