We have been exploring new ways to fund our mission and one exciting possibility is using the charitable trust.

The best way to explain how a charitable trust works is through an example. Let’s say you inherit a home that is worth $250,000. You don’t really want to use it or rent it, but neither do you want to sell it for cash, because of the very high capital gains taxes on real estate. What to do? One option is to go ahead and sell the house and then put the money in a charitable trust. This means:

• You don’t pay taxed on the money.
• It is yours to collect interest on for the rest of your life.
• When you move on to the next life the money goes to Senderis or the any other charity.
• In the meant time you can chose how to use the interest. You may want it to all to Senderis, or you may want to split it 50/50, or perhaps you need it to live on. It’s up to you.

Of course, the charitable trust does not just work with houses, it can be established with funds from anywhere. If you want to explore this further, please contact me or our financial advisor Timothy Vail (tvail@wradvisors.com | 360-734-4728 ext 131). He can answer all your questions.