Like most individuals, you have probably given some thought to what you will do for retirement income. A lot of thought. And again, like most individuals, you probably didn't know how you could make a large gift to Scouting and get extra retirement income at the same time. But you can!
A BSA retirement trust is just a form of the popular charitable unitrust. It can be created easily with cash, stocks, bonds, or land that you already own. You place the property into the trust and receive income and tax deductions usually based on the full fair market value of the property. If your gift was appreciated property, you also avoid capital gains tax. You decide who receives the income, the amount of income, when you want to start receiving the income, and how long the trust will last. When the trust ends, your local council receives the trust property.
Of course, these trusts aren't limited to retirement income. They can be created at any time, for any reason. But contact us for more information about the BSA retirement trust, and about how you, your family, and your local council will all benefit. You'll see that these income trusts are a real gift to retirement planning.
