You transfer cash, appreciated stocks, real estate, or other assets into an irrevocable charitable trust.
Your gift is recognized in the Legacy Society in your name, in the name of your family or business, or in honor of any person or organization you choose.
You can establish a Charitable Lead Trust through your will.
Your Charitable Lead Trust pays the Del Mar Foundation an annual amount to build a charitable gift. You designate the trust to exist for a specified number of years or until your death.
You also designate your family or anyone you choose as the final beneficiary of your trust.
We coordinate all the administrative details with your advisor, issuing grant awards to charities recognizing Legacy Society members.
Your gift can be placed into an endowment that is invested over time. Earnings from your fund are used to make grants addressing community needs. Your gift—and all future earnings from your gift—is a permanent source of community capital, helping to do good work forever.
A Charitable Lead Trust entitles you to a number of financial benefits. It shelters investment earnings from tax and offers gift, estate, and generation-skipping tax benefits. For example, trust assets are removed from your estate for estate tax purposes. You may also capture future gift tax deductions.
You have several options when establishing a trust. You can create a Charitable Lead Trust during your life or through your will. The trust contributes to charity through the Del Mar Foundation—either for a number of years or for your lifetime. And, you select one of two types of Charitable Lead Trust. A Charitable Lead Unitrust makes annual distributions of a fixed percentage of the trust assets to the charitable beneficiary you establish. If you create a Charitable Lead Annuity Trust, it will generate a fixed dollar amount each year.
During its term, the trust can be managed expertly by your advisors, which may help your trust investments grow over time. When the trust terminates, its final assets are transferred to those you designate; any growth in the trust passes to recipients, often with significant transfer-tax savings.