Charitable Trusts
Charitable Trusts enable donors to accomplish their charitable interests as well as meeting other important financial objectives.

A Charitable Uni-Trust (Minimum Donation: $250,000) is a document that is drawn up by a donor's attorney and property (cash or securities) are then transferred to the trust. Payments from the trust may be paid to one or a number of people for their lifetimes or for a period of years. The donor may add additional dollars to the trust at any time. Gift, estate, and income tax deductions equal to the value of the gift portion of the trust are allowed in the year of the gift. Upon the death of the income beneficiary(s), the remainder in the trust passes to the Archdiocese or an entity of the donor's choice within in the Archdiocese.

A Charitable Lead Trust (Minimum Donation: $500,000) is a planning tool permitted by federal gift and estate tax laws that allow donors to fund a trust which provides a stream of income for a term of years (not to exceed 20) to the Archdiocese of an entity of the donor's choice within in the Archdiocese. At the end of the term of trust, the remaining in the trust passes to the donor's heirs. Depending upon a number of factors, the trust provides a larger inheritance to heirs free of estate and gift tax.

The benefits of a properly structured Charitable Lead Trust are:

  		•  bypassing federal gift and estate taxes
  		• possibly passing on considerably more than $1 million in gifts free of gift taxes
  		• making charitable gifts to the Archdiocese of New York in amounts larger than the donor thought possible

    The longer the trust's term and the higher the payout rate to the Archdiocese of New York, the larger the gift or estate-tax deduction will be. The Charitable Lead Trust is attractive for any property with a high-appreciation potential. The Charitable Lead Trust may be structured during a person's lifetime and is useful if he or she has annual charitable contributions that exceed the allowable income-tax deduction limits.
    Example: Elena Cortez is a widow with a $4 million estate consisting of a home, retirement and investment portfolios, and other assets. If she leaves her estate outright to her surviving family, taxes could amount to $1 million or more, depending on a number of variables. However, if Elena establishes a $1 million Charitable Remainder Lead Trust that pays $70,000 a year for 25 years to the Archdiocese of New York, her estate will receive a $1 million estate-tax deduction. This means that there would be no taxable gift to her heirs. In addition, assuming that in 25 years the trust assets have appreciated to $1.9 million, the heirs will receive this amount free of any estate or gift tax.

    The Archdiocese of New York encourages you to discuss tax, estate, and deferred-gift planning with your accountant, lawyer, and/or other financial advisors. The Archdiocese of New York can also arrange for you to meet with an expert who can help advise you about the options available.


    Regina Coeli Legacy Society
    For Exceptionally Generous Legacies

     Regina Coeli Legacy Society members live on through their planned charitable gifts.

    Gifts such as:
      A bequest to the Archdiocese of New York or one of its adjuncts in your Will;

      The purchase of a charitable gift annuity;

      The naming of the Archdiocese of New York or one of its adjuncts as a Primary beneficiary of your retirement plan or of a lift insurance policy;

      The creating of a charitable trust.

    As a member of the Regina Coeli Legacy Society, you will be:
      Invited to a special Mass at the Cathedral of St. Patrick followed by a private Reception;

      Listed, if you wish, in a special announcement published in Catholic New York.


      For more information on gifts that benefit your heirs as well as the causes in which you most believe, call 212-371-1011 ext. 3317. Or e-mail gift.planning@archny.org