for Churches & Faith-Based Ministries
FROM THE RECIPIENT CHARITY'S PERSPECTIVE, AN iCLAT SHOULD BE CONSIDERED AS AN "ENHANCED" PLEDGE ARRANGEMENT, AND COMMUNICATED AS SUCH WITH ANNUAL DONORS (BOTH CURRENT & PROSPECTIVE)!
An iCLAT is like a "pledge arrangement" because it provides recurring annual gifts to charity.
An iCLAT is "enhanced" because it will provide your valued annual donors with a very large IMMEDIATE current year charitable income tax deduction.
The IMMEDIATE charitable tax deduction generated by an iCLAT is so large that it's almost equal to the total sum of the iCLAT's annual gifts to your charity. Just take a look at the chart below!
(# of Years)
% Year 1 Charitable Deduction
(*Based on the SUM of the iCLAT's Annual Payments to Charity)
As the Christian faith so clearly proclaims, all the wealth that we have in our bank accounts and on our balance sheets is God’s – not ours. All Christians are called to be stewards of what He has blessed us with, in varying degrees, amounts and times during our lifetime. Throughout the Bible, Christians are taught to give to the church and ministries to magnify the Christ's Gospel. In many ways, this type of giving on a recurring basis is simply an extension (or fruit) of our faith.
Importantly, the annual (or more frequent) charitable distribution structure of the iCLAT (and all charitable lead trusts, for that matter) represents the very picture of the recurring giving pattern which we, as Christians, are taught to follow. The only difference is that by making those same gifts from an iCLAT, a Christian can receive a large accelerated charitable deduction in the current year that is typically equal to 85% to 90% of total charitable distributions to be paid over the 5, 7, 10, 15, 20+ years of the iCLAT. Just like any other taxpayer, a Christian can benefit from this accelerated charitable deduction when he or she has a high level of adjusted gross income (AGI) in a particular year.
For this reason, all churches and faith-based charities (as well as synagogues and Jewish charitable organizations) should be aware of the iCLAT. LEARN MORE
TAX SAVINGS FOR
GREATER RECURRING ANNUAL REVENUES SECURED FOR
COMMON MISCONCEPTIONS CHARITIES HAVE ABOUT
CHARITABLE LEAD TRUSTS (CLTs)
"ALL charitable lead trusts are complicated planning tools and very difficult for a donor to actually establish."