Testamentary Life-Income Gifts
How It Works
Questions and Answers
If your trust beneficiary dies before you do, your will or revocable trust will include an alternate disposition you choose. For example, you can choose to have the assets first benefit a different beneficiary, or you can direct that they be distributed outright to immediately.
Your estate will be eligible to claim a charitable deduction based on the value of the trust remainder designated for . As a general rule, the older your income beneficiary and the lower the payout to that beneficiary, the higher the value of the remainder for (and your estate’s deduction) will be.
If you create a charitable gift annuity through your will or revocable trust, you may name up to two annuitants. If you establish a charitable remainder trust, however, you may name more than two beneficiaries. How many beneficiaries you name will be limited only by the laws governing charitable trusts – too many beneficiaries might disqualify the trust for deductibility in your estate. Your attorney will be able to advise you on this point, and we’ll be happy to provide helpful information for you and your advisors.
Absolutely. As with any life income or other gift to , you have the flexibility to designate your gift for one or more particular programs or purposes you’d like to support.
The professionals at our Department of National Planned Giving, Legacy and Endowments will be happy to discuss your interests, concerns and financial options, and work personally with you and/or your legal and financial advisors to create a plan that meets your needs and supports the Anti-Defamation League Foundation.
For more information, please contact:
Director of National Planned Giving, Legacy and Endowments
Anti-Defamation League Foundation (ADLF)
605 Third Avenue
New York, NY 10158
This information is provided for educational purposes. The Anti-Defamation League Foundation and ADL are not financial, legal or tax advisors. Please contact your advisors regarding your financial, legal or tax needs.