This type of trust is set up to provide income to you and/or another person for life or a set number of years. At the end of that time, the remaining assets are available for AMICUS foundation programs.
Perhaps you have assets that are worth more now than when you purchased them. By transferring appreciated assets into a charitable remainder trust, you can avoid capital gains taxes so that all the proceeds can be invested for your benefit. You will also receive an immediate tax deduction for the remaining trust balance at present day value. This special gift plan provides you with income payments for your lifetime, or term of years. The remainder eventually goes to AMICUS foundation, and creates a permanent fund in your name.
You give income-producing assets to a trust, with the income flowing to AMICUS foundation during the term of the trust. Afterwards, the assets go to your heirs free of tax on the assets' appreciation.
If you would like more information on this or any other special giving options to Amicus, please feel free to email donorservices@amicusfoundation.org, or call us at 808-828-2828