Charitable Remainder Annuity Trusts can be established to hold your property in trust to pay a fixed annuity to you, and to others you may name, over your lifetime or term of years, and then designate that NARSAD receive the principal. Thus, you can supplement retirement income, earn a sizable tax deduction for the gift, and provide an annuity to other beneficiaries before the principal goes to NARSAD; for example, a scholarship fund for grandchildren.

Through the creation of a Charitable Lead Trust you may be able to save substantial estate tax when transferring your estate. During your life, a yearly annuity from the trust would benefit NARSAD and, at your death, all remaining trust assets would pass to your beneficiaries. Since only the value of the remainder interest is considered a taxable gift to your beneficiaries, this would represent a great tax savings compared to passing those same assets to beneficiaries through your Will. Further, you would be able to have the satisfaction of having NARSAD employ the fruits of your gift to NARSAD throughout your life.

It is possible to make a gift of significance to NARSAD that will produce guaranteed annual income to you or someone you designate--beginning immediately or deferred until retirement. A gift in the form of cash, securities, or another asset can be used to fund a Charitable Gift Annuity from which you can receive a charitable tax deduction, enjoy a part-taxable, part-tax-free annual income, avoid capital gains taxes if the gift is appreciated stock, and make a meaningful gift to NARSAD during your life.

You can lock-in high fixed rates of return and get tax deductions now. With a NARSAD Charitable Gift Annuity you can create a gift of $10,000 or more. In return, for the rest of your life, you will receive an annuity that pays a percentage of the value of your gift depending upon your age. For gifts of appreciated securities there are additional tax benefits as well.

You can irrevocably name NARSAD owner and beneficiary of an existing life insurance policy and receive an immediate tax deduction, or you may retain ownership and simply name NARSAD the beneficiary or contingent beneficiary. You can purchase a policy that you donate to NARSAD, and make tax-deductible contributions to cover future premium payments.

In providing for NARSAD in your Will you demonstrate what you cherish and what you want perpetuated. At the same time, a charitable bequest offers practical tax advantages, reducing the size of your estate subject to taxes, possibly allowing you to make a larger gift than you initially considered.

Please call or write, or have your attorney contact NARSAD directly. We look forward to hearing from you.

NARSAD
60 Cutter Mill Road, Suite 404
Great Neck, NY 11021
Attention: Chief Financial Officer
Email: linnamorato@narsad.org
(800) 829-8289 or (516) 829-0091

You should consult your attorney about the applicability of your own situation to the legal principles stated here.