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Office of Advancement |
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Planned GivingCharitable Remainder TrustThe charitable remainder trust enables you to receive income for life and avoid potential capital gains taxes, and provides you with a current charitable income tax deduction. Real estate, cash, marketable securities and closely held stock can all be transferred into the charitable remainder trust in exchange for a lifetime income. Since the trust is tax-exempt, when the trustee sells the assets there are no tax consequences. After the trust asset has been sold, the proceeds are subsequently invested in a diversified portfolio to provide you with lifetime income and a residual charitable gift to the charitable beneficiaries. The principal advantages of a Charitable Remainder Trust include: Lifetime income stream, Avoidance of potential capital gains taxes on appreciated assets, Charitable income tax deduction, Tax-free growth of trust assets, Diversification of assets, and a Significant investment in The Providence School. Please consult a licensed professional on the implications of gifting strategies in your estate. The information provided above is for informational purposes only and is not intended to be legal advice.
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About :: High School :: Middle School :: Lower School :: Preschool :: Admissions :: Athletics
Providence School of Jacksonville, Florida is accredited by the Southern Association of Colleges and Schools
and The Association of Christian Schools International.
Providence School is a private college preparatory school featuring preschool,
lower school, middle school, high school and is a ministry of New Life Christian Fellowship, Jacksonville, Florida.
2701 Hodges Blvd. Jacksonville, FL 32224 | Phone: (904) 223-5270 | Fax: (904) 223-3028
© 2007 Providence School of Jacksonville, Inc. All Rights Reserved.