Protect Your Assets

You can benefit from the tax savings that result from supporting Kline Galland without giving up the assets that you'd like your family to receive someday with a donation in the form of a charitable lead trust.

There are two ways that charitable lead trusts make payments to Kline Galland:

A charitable lead annuity trust pays a fixed amount each year to Kline Galland and is more attractive when interest rates are low.

A charitable lead unitrust pays a variable amount each year based on the value of the assets in the trust. With a unitrust, if the trust's assets go up in value, for example, the payments to Kline Galland go up as well.

A Potential Scenario

Father smiling with children George would like to support Kline Galland and provide for his children. George received a windfall amount of income and needs a large income tax deduction to offset the income. Following his advisor's recommendation, George funds a grantor charitable lead annuity trust with assets valued at $1,000,000. George's trust pays $70,000 (7% of the initial fair market value) to Kline Galland each year for 15 years, which will total $1,050,000. After that, the balance in the trust reverts back to George. He receives an income tax charitable deduction of $955,700. Assuming the trust earns an average 6% annual rate of return, George receives approximately $767,240 at the end of the trust term.

*Based on a 1.2% charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.

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Personal Estate Planning Kit

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Next Steps

  1. Contact Nate Nusbaum at (206) 456-9702 or naten@klinegalland.org to talk about supporting Kline Galland by setting up a charitable lead trust.
  2. Seek the advice of your financial or legal advisor.
  3. If you include Kline Galland in your plans, please use our legal name and federal tax ID.

Legal Name: The Kline Galland Center
Federal Tax ID Number: 91-1154904
Location: 7500 Seward Park Avenue South, Seattle, WA 98118