Charitable Giving Benefits: An Inside Look!

[@brothersministries5294]

Can you please explain the Express Charitable Trust used by the Catholic Church

[@CunninghamLegal]

Thank you for your question @brothersministries52­94. As a graduate of an Augustinian High School, I will do my best to give you a concise answer. This appears to be a type of Charitable Trust where the donor (you) keeps an income stream for a specified term of years (up to 20) or for one or more lifetimes (you and maybe a spouse or child). This sounds like a Trust that the Catholic Church or affiliated order might facilitate (that is, pay for) and the thing of value (typically stocks, real property, art, collectibles or other non-cash things of value) is sold on a tax-free / tax-deferred basis and the cash invested to be used for specific charitable purposes. Here’s a recent video on how a Charitable Reminder Trust works: kzbin.info/www/bejne/Y3O6q4FqrNOmm5Ysi=_gP6v4hc6evTU4H3 The trust can also be set up where the Church gets the payments for a specified period of time then the donor or the donor's family gets the balance of the trust when the trust ends (either after a term of years or death).