Trusts and Endowments

Charitable Remainder Trusts or Unitrusts

A BSA retirement trust is just a form of the popular charitable unitrust. It can be created easily with cash, stocks, bonds, or land that you already own.  You place the property into the trust and receive income and tax deductions usually based on the full fair market value of the property.  If your gift was appreciated property, you also avoid capital gains tax.  You decide who receives the income, the amount of income, when you want to start receiving the income, and how long the trust will last.  When the trust ends, your local council receives the trust property.
Almost everyone wants to provide financially for their families and have enough left over to make major gifts to their favorite charitable organizations.  But very few realize how easy it is to make this dream a reality.  Charitable income trusts -- such as the unitrust -- can do just that.

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