Outright Gift

Deductible for income taxes

No retained interest

Charitable Lead Trust

A current gift to charity

Gift is placed in a trust

The recipient of the gift draws income from the trust

Current income tax deduction

Pass assets to heirs with little or no estate tax

Transfer of assets is irrevocable

If current income tax deduction is taken, future income is taxable to donor

Donor gives up use of income for life of the trust

Pooled Income Fund

Income tax deduction

As beneficiary, you can draw income during your life

Non-income-producing assets can be converted to income-producing assets

Income is unpredictable from year to year

Income received is taxed as ordinary income

Remainder interest will usually go to only one charity

Charitable Remainder Unitrust

You can draw income

Current income tax deduction

Avoids capital gains tax on appreciated property

Reduce future estate taxes

Transfer of assets is irrevocable

Qualified appraisal generally required

Complex administration and setup

Charitable Remainder Annuity Trust

You can draw income Income tax deduction

Avoids capital gains tax on appreciated property

Fixed income

Fixed payment cannot be limited to the net amount of trust income

Qualified appraisal generally required

Complex administration and setup