Charitable trusts

Charitable trusts allow you to structure charitable gifts in ways that help you meet financial objectives. Professional advisors can design charitable trusts to reduce estate taxes, provide income, preserve an inheritance, establish a legacy, and more.

Charitable remainder trust

Provide lifetime income today, leave a charitable gift tomorrow. You place cash or property in a trust that pays annual income to you (or someone you choose) for life. After your death, the remainder of the trust transfers to the charitable fund you have selected at Kern Community Foundation. You receive income tax benefits the year you establish your trust.

Charitable lead trust

Make a charitable gift today, preserve family assets for tomorrow. You place cash or property into a trust that pays a fixed amount to Kern Community Foundation for the number of years you select. Once this period ends, the assets held by the trust are transferred to beneficiaries you choose. In some cases, you receive a substantial reduction in federal gift and estate taxes.

See how a charitable trust could work for you. Contact us or your professional advisor to learn more.