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| Unity relies on financial support from friends like you to continue our ministries of prayer, publishing, and education. Read through the Progress News Archives to learn more about our goals and how you can help. |
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Expansion Prayer ~
“Thank You, God,
for Your unlimited abundance, which
flows through
Unity and creates
new paths of growth
for our service
to the world.” |
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| Charitable
Trusts | Bequests | Gift
Annuities | Life
Insurance |
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A Charitable Trust can accomplish either
of two objectives. First, through a Charitable Annuity
Trust or a Charitable Remainder Unitrust, you can provide
income for yourself or a relative most probably at a rate
higher than is currently offered in savings or CDs. Second,
through a Charitable Lead Trust, you can provide income
to Unity during a set time period and then pass remaining
principal on to a son, daughter, grandchild, or whomever
you wish, including yourself!
Here are the three
basic charitable trusts and how they work: |
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Charitable Annuity Trusts
You transfer money or appreciated assets, such as stocks
or bonds, to the trustee.
The trustee then pays a guaranteed, fixed income to
you for life. If your spouse survives you, the guaranteed,
fixed income can continue for your spouse’s lifetime
also. If unmarried, you may designate a sibling or friend
to receive the income after your lifetime. Or you may
designate that the principal go to Unity if no survivor
is named to benefit from the income.
You receive a substantial
income tax deduction upon the creation of the trust.
The exact deduction depends
on the pay-out percentage as well as the age of the beneficiaries
who will receive the income.
If the trust is funded with
appreciated assets, such as real estate or stock, there
is no capital gains tax
on the appreciated property when it is transferred to
the trust.
At the death of the last income beneficiary,
the trust will terminate and the proceeds will be used
as agreed
on by the donor and Unity.
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Charitable
Remainder Unitrusts
This trust is very similar to the annuity trust but
with one difference. The amount of income varies each
year according to the value of assets in the trust. Trusts
are generally invested in assets which tend to reflect
the economic trend. Therefore, the unitrust can often
provide some protection against inflation. The tax benefits
are very similar to those in the annuity trust.
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Charitable
Lead Trusts
You transfer assets to a Charitable Lead Trust for a period
of years or for your lifetime.
During the term of the trust, income is distributed to
Unity. At the termination of the Trust, the principal
reverts back to you or is distributed to one or more persons
that you designate. Charitable Lead trusts may be set
up as an Annuity Trusts with a fixed payout or as a Unitrust
where the income varies depending on asset value. |
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| Please contact our Development Department
at 816-251-3505 or contact
us via e-mail for more information about
how planned giving can work for you. |
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