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Give It Twice Trust

You may be looking for a way to provide your children with income while making a gift to The Catholic Foundation. The "Give It Twice" trust allows you to transfer your IRA or another asset at death to fund a term of years charitable remainder unitrust. "Give It Twice" means you can use the trust to pay income first to your family for several years and then distribute the balance of the trust to The Catholic Foundation.

Benefits of a give it twice trust

• Use the full value of your unused retirement account to provide income to your surviving spouse and to provide income to children or other loved ones for a specified period of time.
• Create an estate tax deduction and savings from the charitable gift.
• Make a lasting impact on your parish, school, or favorite ministry.

How a give it twice trust works

1. We can help you and your attorney with the process of creating a charitable remainder unitrust.
2. You complete an IRA or other retirement account beneficiary designation form, naming the charitable trust as the beneficiary, and return the form to the account custodian.
3. When you pass away, the custodian will transfer your retirement account to the charitable trust.
4. The trust will pay income to your spouse, children, or other individual beneficiaries for their life, term of years, or life plus term of years.
5. At the conclusion of the payments, the balance of the trust will be transferred to The Catholic Foundation.

Contact us

Please contact us with questions about a give it twice trust.