Gift Planning - Legacy Circle

How Life Income Gifts Work

You can make a gift to The Home for Little Wanderers through an annuity or trust that will pay you and/or another beneficiary annual income for life.

Charitable Gift Annuity

• Through a simple contract, you contribute a minimum of $25,000 in cash and/or stock to The Home.
• You and/or a designated beneficiary receive a fixed income for life. Your annuity rate is based on your age(s).
• After the passing of the beneficiary, the remaining balance goes to The Home to support the most vulnerable children and families in Massachusetts.
  
  

Charitable Trust

• Contribute a minimum of $100,000 in cash, stock or real estate to a trustee of your choice.
• The trustee invests and manages the trust’s assets and follows the agreed upon terms.
• There are two basic types of charitable trusts:

Charitable Remainder Trust

The trustee pays out to you and/or a designated beneficiary(ies) an income for life. You also receive a charitable income tax deduction in the year you establish the trust. Upon the passing of the beneficiary(ies),The Home receives the remainder of the trust to support the most vulnerable children and families in Massachusetts.

There are two kinds of charitable remainder trusts. A charitable remainder unitrust provides a variable rate or return. It pays a predetermined percentage of the fair market value of the trust’s assets as re-valued annually. A charitable remainder annuity trust pays a fixed dollar amount every year regardless of market performance.

Charitable Lead Trust

With a charitable lead trust, the trustee provides income to The Home for a period of years that you choose. Payments can be fixed or variable. When the trust term ends, the remainder of the trust goes back to you or can pass to another person whom you name, such as children or grandchildren. Using a lead trust may reduce the federal gift or estate tax cost of transferring assets to heirs.

You can establish charitable remainder and lead trusts during your lifetime or through your will.

If you would like to know how much income you would receive based upon your age,
or have other questions, please contact:

Steve Fulmer
Director of Principal Gifts
617-927-0684
sfulmer@thehome.org

The Tax ID for the Home for Little Wanderers is  04-2104764