Trusts

Trusts can be used to create either a temporary trust fund or to set up an endowment fund, or to set up a bequest.

How Charitable Remainder Trusts Work

For the Donor

Allows you to receive current income (which may be partly tax free) for a fixed number of years or for your life or for your life plus one other designated person, after which the balance becomes the property of NBFA subject to any restrictions you have made on the Trust. You can designate your partner, children, or others as successor advisors, depending on the number of years covered by the Trust. Part of your donation is tax-deductible in the year made within limits provided by law or, if made as a bequest, removes the amount of the Trust from your estate.

For the Arts & Culture

When the remainder in the trust passes to NBFA, it will provide support for an organisation(s) or project(s). Depending on the amount remaining in the Trust, it will provide funding for a limited number of years until the entire fund is exhausted or create an endowment.

Donations

$100,000 minimum is required for this type of fund. Can be funded with cash, securities, or other appreciated property. If part of a bequest, it could also be funded from retirement plan assets or a life insurance policy.

How Charitable Lead Trusts Work

For the Donor

Allows you to make a substantial annual contribution, in most cases receive a tax deduction, and preserve assets for heirs. You can remain as advisor and/or designate your partner, children, or others as co- or successor advisors, depending on the years covered by the Trust. Part of your donation is tax-deductible in the year made within limits provided by law or, if made as a bequest, removes the amount of the Trust from your estate.

For the Arts & Culture

Provides support for an organization(s) or project(s) for a set period of years, after which the remaining principal reverts to you or beneficiary named by you. Can supply ongoing support for projects or fund different projects each year the Trust is active.

Donations

$100,000 minimum is required for this type of fund. Can be funded with cash, securities, or other appreciated property. If part of a bequest, it could also be funded from retirement plan assets or a life insurance policy.

For further information, please contact us.