Tip of the Week
Variety is the spice of giving.
You can give almost any kind of highly appreciated property—such as closely-held stock, real estate, partnership interests, or valuable art—to a charitable remainder trust and receive major tax and income benefits.
So all at once you can:
- Receive income for life
- Take a charitable tax deduction
- Avoid all capital gains tax
- Support the mission of Covenant House Washington
You can even allow your assets to accumulate tax-free until you "turn on the income spigot" at retirement or some other future event, such as the start of your child's education.
Read more, email us, or contact us at 202-610-7897