Donor's asset(s) (which may include cash, securities, real property, etc.) are invested in a trust. Donor receives a charitable tax deduction at the time the assets are transferred.

A regular distribution is given to the Cortland Community Foundation for a specified term of up to 20 years. At the end of the period the asset(s) is transferred back to the donor or named beneficiary.

Donor Benefits By:

• Deferring capital gains taxes on highly appreciated assets
• Moving property to the next generation at a lower estate tax cost
• Receiving an immediate charitable tax deduction
• Minimizing the generation skipping tax
• Passing along to their heirs the full asset in addition to any growth over and above the amount paid to charity
• Making a gift to charity