Gifts that Benefit Your Heirs

There are two gift options that enable you to take care of your loved ones while also supporting the Center for years to come.

You can benefit from the tax savings while retaining assets that you would like your family to receive someday.

There are two types of charitable lead trusts:

  • Charitable lead annuity trust: This gift provides a fixed amount each year to the Center, often generating either, or both, an income tax and a gift tax deduction.
  • Charitable lead unitrust: This gift provides a variable amount each year to the Center, based on the value of the assets in the trust, with similar tax advantages as the charitable lead annuity trust.

You can fund this gift with:

  • Closely held stock: A popular choice is closely held stock in a family business that has the potential to grow.
  • Appreciated securities: You can use a single appreciated security or a diversified portfolio that has the potential to grow.
  • Real estate: Income-producing real estate is a good choice to fund this gift.

To talk with us about creating a better world for future generations of LGBT people, please contact Frank Stasio, Senior Director of Planned Giving, at 323-993-7690 or fstasio@lalgbtcenter.org.

As with all gift planning, you should consult with your tax advisor and lawyer to determine what planned gift strategy is best for your current tax situation and income requirements. Consulting estate-planning professionals will help ensure that your wishes to make a lasting impact will be fulfilled.

Retirement assets are among the most heavily taxed, making them an ideal opportunity for charitable giving once you no longer need the assets. The Center is exempt from paying the taxes that otherwise might be owed. Consider making the Center a beneficiary of your retirement assets while leaving other less-heavily taxed assets to loved ones.

Please let us know if you have named the Los Angeles LGBT Center as a beneficiary so we can thank you for your generosity and show you the impact your gift will have.

To talk with us about creating a better world for future generations of LGBT people, please contact Frank Stasio, Senior Director of Planned Giving, at 323-993-7690 or fstasio@lalgbtcenter.org.

As with all gift planning, you should consult with your tax advisor and lawyer to determine what planned gift strategy is best for your current tax situation and income requirements. Consulting estate-planning professionals will help ensure that your wishes to make a lasting impact will be fulfilled.