A graduate of BYU and a Retirement Income Certified Professional from the American College, Brian Gibbs, currently serves as the CEO of Heritage Retirement Advisors Inc. A San Diego businessman, Brian Gibbs specializes in income tax planning, lifetime income streams and charitable gifting and trusts. Charitable trusts are gifts given by a donor to a non-profit organization or charity organization. Donors give ownership to an organization that can leverage it to make money or achieve its objective. There are three primary types of charitable trusts such as remainder trusts, lead trusts and pooled income Funds. In a remainder trust, the donor offers ownership or assets to an organization for a period of years. The organization in those years is the full owner of an asset and takes all profits that come from it. The remainder trust is tax-exempt and can't be revoked as once the trust is settled it cannot end until the period of time finishes. In lead trusts, the donor provides ownership to an organization but controls the assets themselves unlike in a remainder trust. The profits from the asset and ownership may either go fully to the non-profit organization or they can be shared between it and other beneficiaries. In pooled income funds, the charity manages the funds, provides lifetime income to the donor and posterity if desired, and directs the remaining principal to designated charities upon the passing of the income beneficiaries. All three types generate substantial income tax deductions up front and can eliminate capital gains on appreciated assets contributed to the charitable trusts as well.

1. Charitable Trusts Uses and Types
Brian Gibbs

2. Introduction
A graduate of BYU and a Retirement Income Certified Professional from the American
College, Brian Gibbs, currently serves as the CEO of Heritage Retirement Advisors Inc. A
San Diego businessman, Brian Gibbs specializes in income tax planning, lifetime income
streams and charitable gifting and trusts.

3. Charitable trusts are gifts given by a donor to a non-profit organization or charity
organization. Donors give ownership to an organization that can leverage it to make
money or achieve its objective. There are three primary types of charitable trusts such
as remainder trusts, lead trusts and pooled income Funds. In a remainder trust, the
donor offers ownership or assets to an organization for a period of years. The
organization in those years is the full owner of an asset and takes all profits that come
from it. The remainder trust is tax-exempt and can't be revoked as once the trust is
settled it cannot end until the period of time finishes.

4. In lead trusts, the donor provides ownership to an organization but controls the assets
themselves unlike in a remainder trust. The profits from the asset and ownership may
either go fully to the non-profit organization or they can be shared between it and other
beneficiaries.

5. In pooled income funds, the charity manages the funds, provides lifetime income to the
donor and posterity if desired, and directs the remaining principal to designated
charities upon the passing of the income beneficiaries.

6. All three types generate substantial income tax deductions up front and can eliminate
capital gains on appreciated assets contributed to the charitable trusts as well.