You can benefit from the tax savings without giving up the assets that you’d like your family to receive with a donation in the form of a charitable lead trust.
When you give us appreciated property you have held longer than one year, you qualify for a federal income tax charitable deduction which eliminates capital gains tax.
This type of donation can provide you with regular payments and allow us to further our work. You can also qualify for a variety of tax benefits, including a federal income tax charitable deduction when you itemize.
You want to leave money to Birmingham Landmarks / Alabama & Lyric Theatres in your will but you also want the flexibility to change your will in the event that life circumstances change. You can do both.
If you have built a sizable estate and also are looking for ways to receive reliable payments, consider a charitable remainder trust.