Charitable Trusts

These are deferred gifts which provide an income stream for you for the term of the gift, an immediate tax deduction in the year of the gift, and other beneficial tax consequences. These gifts can take the form of a Charitable Remainder Trust, Charitable Remainder Annuity Trust, Charitable Gift Annuity, or a Charitable Lead Trust.

Charitable Remainder Trust
By transferring highly appreciated, low-yield property into a Charitable Remainder Trust you can bypass capital gains taxes, increase your income and enjoy a charitable income tax deduction that could significantly reduce your current income taxes. After your lifetime, or a term of years, the principal remaining is your gift to the Ann Arbor Symphony Orchestra.

Charitable Remainder Annuity Trust
An Annuity Trust pays a fixed income based on the percentage you choose, and the value of the assets when the trust is established.

Charitable Gift Annuity
Like the Charitable Remainder Annuity, a Charitable Gift Annuity pays you a fixed dollar amount for life, or for a term of years. The amount is determined at the time of contribution and is based on your age and, if you have designated another beneficiary , on his/her age as well. Part of the annuity payment is tax-free, and the initial charitable deduction offers substantial tax savings.

Charitable Lead Trust
A Charitable Lead Trust is the reverse of the Charitable Remainder Trust and functions as a temporary gift or loan to the Ann Arbor Symphony Orchestra. That is, instead of paying income to you, the trust pays the income to the A²SO for a term of years before the principal reverts back to you, a family member, or another beneficiary. A lead trust can greatly reduce extate taxes, allowing you to make a significant gift to the Ann Arbor Symphony Orchestra and ultimately pass more to your heirs.