Provide for Your Loved Ones and Summit Healthcare Regional Medical Center

Charitable Lead Trusts
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Do you want to benefit from the tax savings that result from supporting the programs and services offered at Summit Healthcare Regional Medical Center, yet you don't want to give up any assets that you'd like your family to receive someday? You can have it both ways with a charitable lead trust.

There are two ways charitable lead trusts make payments:
A charitable lead annuity trust pays a fixed amount each year to the Summit Healthcare Foundation and is more attractive when interest rates are low.

A charitable lead unitrust pays a variable amount each year based on the value of the assets in the trust. With a unitrust, if the trust's assets go up in value, for example, the payments to the Summit Healthcare Foundation go up as well.

Check Out This Potential Scenario

Man smilingGeorge would like to support the Summit Healthcare Foundation and provide for his children. George received a windfall amount of income and needs a large income tax deduction to offset the income. Following his advisor's recommendation, George funds a grantor charitable lead annuity trust with assets valued at $1,000,000. George's trust pays $70,000 (7 percent of the initial fair market value) to the Summit Healthcare Foundation each year for 15 years, which will total $1,050,000. After that, the balance in the trust reverts back to George. He receives an income tax charitable deduction of $873,110. Assuming the trust earns an average 6 percent annual rate of return, George receives approximately $767,240 at the end of the trust term.

*Assuming annual payments and a 2.4 percent charitable midterm federal rate.

Learn How to Fund It

You can use the following assets to fund a charitable lead trust:

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Next Steps

  1. Contact Angie Fabian at 928-537-6829 or afabian@summithealthcare.net to talk about supporting the Summit Healthcare Foundation by setting up a charitable lead trust.
  2. Seek the advice of your financial or legal advisor.
  3. If you include the Summit Healthcare Foundation in your plans, please use our legal name and Federal Tax ID.

Legal Name: Summit Healthcare Association
Address: 2200 E Show Low Lake Road, Show Low, AZ 85901
Federal Tax ID Number: 860320447

Discover which type of charitable trust best fits your estate plan with the FREE guide Trusts: Choose From 2 Win-Win Ways to Donate.View My Free Brochure
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