Charitable Remainder Trusts

A Buffalo Fine Arts Academy Charitable Remainder Trust benefits you and the Albright-Knox Art Gallery. It provides you with an immediate income tax deduction for part of the gift's value. It provides a guaranteed income stream to the beneficiary of your choice, including yourself. It also provides the Gallery with a gift that will help to secure its future. Gifts of highly appreciated stock are a great gift for a Charitable Remainder Trust.

Advantages

A Charitable Remainder Trust can:

• provide you with an income-tax deduction in the year of the gift, and (depending on the size of the gift and your income), you may be able to carry over any unused deduction for up to five years
• provide someone you choose (including yourself) with a guaranteed income stream
• provide a way to diversify appreciated assets without reducing their value by capital gains tax
• provide funding for a supplemental needs trust for the benefit of a disabled person
• provide important support for the Gallery
• provide you with a way to reduce or eliminate estate tax while helping to support the arts
• provide you with a way to make additional gifts in the future and derive the same benefits
• provide superior investment management