Income for you and your recipient for life, then a gift to Jay County.
You establish a trust with some of your assets. You receive a charitable tax deduction for the remainder value as determined by IRS regulations, and estate taxes will be reduced upon your death. You and your designated recipient will receive an income for life. The remainder goes to The Portland Foundation upon the death of the final beneficiary.
Place some of your assets in a charitable remainder trust.
Receive a charitable tax deduction for the remainder value, as determined by IRS regulations.
You and your designated recipient receive an income for life.
After the final beneficiary, the remainder goes to The Portland Foundation. Estate taxes are reduced.
Request the booklet "Bridging the Generations Through Intelligent Giving," or call (260) 726-4260, Monday through Friday, 8 am to 5 pm ET. We recommend reviewing any planned gift with your own tax or legal advisor.