Financial Accounting Blog

Tuesday, January 27, 2004

Article from Charitable Lead Trusts: Goodwill, good returns

How's this for a way to do good for yourself and others: make regular donations to a charity for a set period of time, get a huge tax deduction, then get all of your money back and then some? Do some fancy tax planning and you could even earn a lot more on the money you gave away than you actually gave away.
The way to this win-win situation is through Charitable Lead Trusts -- and they are gaining in popularity, according to Needham, Mass.-based Tower Group, a research firm.