CHARITABLE GIVING STRATEGIES
The United States Federal Tax Code encourages charitable giving in the form of tax deductions on income and gift or estate taxes. These deductions can be achieved in a variety of ways including, but not limited to, trusts for charity and testamentary gifts. However you may wish to contribute to charity, Alaska Trust Company can provide you with the necessary knowledge to accomplish your goals.
- Trusts
- Charitable Remainder Trust
- Maximize use of appreciated assets, provide income to you or other family members, and then gift assets to charity to receive a current income tax charitable deduction.
- Charitable Lead Trust
- Provide income to charity and ultimately can be used to transfer trust assets to children or grandchildren at a greatly reduced gift and estate tax cost.
- Charitable Remainder Trust
- Testamentary Transfers
- Allows a donor to receive two tax deductions, income and estate, if the gift is given during the donor’s lifetime.
