Trusts
There are several types of charitable trusts that can be excellent ways in which to provide income for you or your beneficiaries while making a gift to WPBT2.
- Life Income Trusts: Deferred gifts may be made in the form of a Charitable Remainder Trust that pays a lifetime income to the donor or to a family member. At your death or the death of a named beneficiary, the remainder passes to WPBT2 to create a fund to benefit future generations.
- Charitable Lead Trusts: This is the converse of the Charitable Remainder Trust. The pre-determined payments are made to The Program Trust Fund during your lifetime, or for a specific number of years, and then the assets of the trust revert back to you or your designee.
- Charitable Lead Annuity Trust: A charitable lead annuity trust is a custom designed and individually managed trust that enables you to give a fixed annual amount to charity for either a fixed term of years or the life of one or more individuals. Upon conclusion of the measuring term, the trust terminates and, according to the terms of trust instrument, distributes its remaining assets (called the remainder interest) back to you or to one or more individuals that you have specified.
