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Charitable Trusts

Donors who wish to support Cardinal Cushing Centers while also providing for themselves or a beneficiary may wish to establish a charitable trust.  Two common forms of charitable trusts are Charitable Lead Trusts and Charitable Remainder Trusts.

Charitable Lead Trusts

A charitable lead trust is designed to generate an income stream to Cardinal Cushing Centers during the life of the trust, with the remaining assets going to the donor or beneficiaries.  Donors may choose the term of the trust as well as the payout to Cardinal Cushing Centers.

Charitable Remainder Trusts

A charitable remainder trust is also designed to benefit both Cardinal Cushing Centers and named beneficiaries, but works in the opposite way of the Charitable Lead Trust.  A Charitable Remainder Trust provides income to a current beneficiary who is either the donor or a named individual.  The beneficiary can receive either a fixed amount or a percentage of the value of the trust each year, for a period of years, or for the individual’s life.  At the end of the period, the remainder goes to Cardinal Cushing Centers.

We recommend consulting with your legal, financial or tax advisor when making charitable gifts.

Please contact Laurie Maranian, Director of Development, at (781) 829-1247 or lmaranian@cushingcenters.org for more information.

*Have you named Cardinal Cushing Centers as the beneficiary of a charitable trust?  Please let us know.