Give a gift and receive an income back

Charitable Trusts

  • Charitable Remainder Trust (A Gift that Produces a Lifetime Income)
    Example: Anthony, age 70, owns appreciated XYZ stock but he feels that he cannot give it outright because he needs to invest for retirement income. By putting $100,000 worth of stock into a charitable remainder trust, he avoids all the capital gains tax, gets a tax deduction in the year he sets up the trust, and has an income of at least $5,000 per year for the rest of his life with a good possibility of increased income as the trust grows in value. 

    If Anthony would like to maintain control over the investments, he can do so by naming himself as the trustee and buy and sell as he wishes with no capital gains tax along the way. 

    For information on how to establish a charitable remainder trust, click here.

  • Charitable Lead Trust (A Gift that Provides Income to Charity for Period of Years and then Returns the Asset to the Donor’s Family without any Tax)
    Example: Adam owns an office building that he built some years ago for $1M.  Renting regularly to doctors’ offices, Adam knows the building (now worth $10M) produces a steady income and is likely to appreciate still further in the future.  Adam would like to give the building eventually to his two children.  By placing the building in a charitable lead trust, Adam can make an annual gift to TMI of $500,000 for a set period of years, while, at the same time he can transfer the building to his children with no gift or estate tax, no matter how much the building will be worth in the future.

    For information on how to establish a charitable lead trust, click here.

  • Bargain Sales (A Sale to a Charity for Less than Market Value)
    Example: Mason and Sharon are TMI parents.  They own a piece of highly desirable real estate worth $100,000.  They would like to make a gift but need $40,000 to invest in another property.  They can sell the property to TMI for $40,000, get a tax deduction for the $60,000 difference, and move forward with their new purchase.

    For information on how to structure a bargain sale, click here.

Have Questions?

For more information on ways to give to TMI or to find out how you can submit your gift to TMI, please contact our Advancement Department, at advancement@tmi-sa.org.

Please remember that when making a financial decision, you should always seek the opinion of your professional tax adviser or legal counsel.
 
MISSION: TMI provides an exceptional education with values based on the teachings of Jesus Christ that challenge motivated students to develop their full potential in service and leadership.
Notice of Non-Discrimination

Based on receipt of federal financial assistance through a Paycheck Protection Program loan administered through the U.S. Small Business Administration (SBA) under the CAREs Act, the School acknowledges its obligation to prohibit discrimination, harassment, or retaliation on the basis of race, color, age, national origin, sex, citizenship status, genetic information, handicap or disability in admissions, access, employment, tuition assistance, educational policies, or other school administered student and employee programs and activities. Questions regarding the School’s compliance with the application and administration of the School’s nondiscrimination policies should be directed to Matt Duke, Chief Business Officer, (210) 564-6140, m.duke@tmi-sa.org, 20955 W. Tejas Trail, San Antonio, TX 78257, or to the U.S. Department of Education's Office for Civil Rights (OCR) or to the SBA. Please refer to the School’s SBA Non-Discrimination Compliance Policy on the School’s website for information on how to file complaints with OCR or the SBA.

This notice will remain in effect until the School has satisfied and paid off the SBA Paycheck Protection Loan.
TMI Episcopal
20955 W. Tejas Trail
San Antonio TX 78257
phone (210) 698-7171
fax (210) 698-0715