Charitable bequests (will or living trust)
Gifts by will or living trust for the benefit of the Muslim Educational Trust (MET) may be for a specific dollar amount, a percentage of the total estate, or the residual amount (amount leftover after all expenses have been paid.
Retirement assets
Retirement plan assets (IRAs, 401(k), TSAs, etc.) may be the best way to make a gift to the Muslim Educational Trust. The funds can be transferred to MET by adding Muslim Educational Trust as either a primary or contingent beneficiary of the account. As a direct distribution at your passing, these funds will not be subject to estate tax or to income tax, and consequently, the entire balance will be preserved for the Muslim Educational Trust. In some cases, gifts of retirement funds during your life may be beneficial.
Retirement plan assets (IRAs, 401(k), TSAs, etc.) may be the best way to make a gift to the Muslim Educational Trust. The funds can be transferred to MET by adding Muslim Educational Trust as either a primary or contingent beneficiary of the account. As a direct distribution at your passing, these funds will not be subject to estate tax or to income tax, and consequently, the entire balance will be preserved for the Muslim Educational Trust. In some cases, gifts of retirement funds during your life may be beneficial.
Charitable gift annuities
Charitable gift annuities through the Muslim Educational Trust can provide you with a reliable, consistent stream of income for life while also benefiting the Muslim Educational Trust. The amount of the annual payment is based on the age of the income beneficiaries at the time of the gift (the older the recipient, the larger the payout rate) and the date when the payments begin. Part of the income may be tax-free. Annuity payments may begin immediately or may be deferred for a period of time as part of your retirement planning.
Charitable gift annuities through the Muslim Educational Trust can provide you with a reliable, consistent stream of income for life while also benefiting the Muslim Educational Trust. The amount of the annual payment is based on the age of the income beneficiaries at the time of the gift (the older the recipient, the larger the payout rate) and the date when the payments begin. Part of the income may be tax-free. Annuity payments may begin immediately or may be deferred for a period of time as part of your retirement planning.
Charitable remainder trusts
The charitable remainder trust is one of the tax-advantaged ways you can contribute to the future of the Muslim Educational Trust and increase your current income. Charitable remainder unitrusts are especially advantageous for appreciated assets and real estate. A unitrust provides a variable income based on a percentage of the value of the trust assets as determined each year. Charitable remainder annuity trusts are excellent planning vehicles for older donors with appreciated stock. An annuity trust pays a fixed dollar amount each year to the income beneficiary.
The charitable remainder trust is one of the tax-advantaged ways you can contribute to the future of the Muslim Educational Trust and increase your current income. Charitable remainder unitrusts are especially advantageous for appreciated assets and real estate. A unitrust provides a variable income based on a percentage of the value of the trust assets as determined each year. Charitable remainder annuity trusts are excellent planning vehicles for older donors with appreciated stock. An annuity trust pays a fixed dollar amount each year to the income beneficiary.
Charitable lead trusts
A lead trust directs its annual income to the Muslim Educational Trust for a period of time, and then transfers the assets to heirs. The principal advantage of the most common form of lead trust is the ability to transfer assets to heirs while significantly reducing or even eliminating estate taxes on the value of the assets used to fund the trust.
A lead trust directs its annual income to the Muslim Educational Trust for a period of time, and then transfers the assets to heirs. The principal advantage of the most common form of lead trust is the ability to transfer assets to heirs while significantly reducing or even eliminating estate taxes on the value of the assets used to fund the trust.