Below are some of the ways that you and your tax advisor can use to generate tax relief while simultaneously supporting falconry. Past-President of the Falconry Fund, Allen K. Ayers, CPA CFP® is available to help you and your advisor navigate a strategy that may meet your needs.

Pooled Income Fund

Closely resembles a mutual fund: your gift is pooled with the gifts of other donors, and you receive a share of the total income. Quarterly distributions are taxable as ordinary income. You receive an immediate charitable deduction based on your age and fund earnings history.

Charitable Remainder Unitrust (CRUT)

At the outset you decide on the annual percentage of the fair market value of the assets. Provides lifetime income based on a fixed percentage of the trust’s annually revalued assets. Annual income fluctuates with the value of the assets. Your charitable tax deduction is based on the projected remainder for the charity.

Charitable Remainder Annuity Trust (CRAT)

Pays a fixed dollar amount annually for life, regardless of asset performance. Ideal for donors who prefer predictable income. Your tax deduction is determined by your age and fixed annual payout amount. As a rule of thumb, the older you are, the larger the deduction, and the greater the annual payment, the smaller the deduction.

Charitable Gift Annuity

Resembles the purchase of an annuity. Offers a fixed lifetime income, independent of market performance. A portion of income may be tax-free. You receive an immediate charitable tax deduction for part of your gift, and a portion of each year’s payment is tax free, because tax law allows you to recover your original payment over your expected lifetime.