The United Way of Martin County Foundation

Charitable Remainder Trusts

HOW IT WORKS

• You transfer cash, securities or other appreciated property, such as real estate, into a trust.

• Each year, the trust pays a percentage of its value to you or to beneficiaries you name.

• When the trust terminates, the remainder passes to the United Way of Martin County Foundation

THE BENEFITS

• You receive an immediate income tax deduction for a portion of your contribution to the trust.

• The trust pays no capital gains tax when it sells the assets you have contributed to the trust.

• You or your designated beneficiaries receive income for life or a term of years.

• You can make additional gifts to the trust as your circumstances allow and qualify for additional tax deductions and increased trust payments.

• You have the satisfaction of making a significant gift that benefits you now and Foundation later.

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Legacy Society

The Legacy Society honors people who have made a donation or commitment to the United Way Foundation through immediate gifts, a bequest, a trust, or naming UW as a beneficiary of IRA, pension plan or life insurance.   Read more>>