1. You irrevocably transfer cash, securities, or other property to a trust.
2. You receive a generous income tax deduction when you fund the trust. In addition, if you fund the trust with securities or other property that have grown in value, you pay no capital gains tax when you make your gift. Every cent you give goes to work for you and [pgm_charshort].
3. For the first part of its term, the trust pays its net income or a percentage of its value, whichever is less, to you or to anyone you name each [pgm_makeupprovision] the trust 'flips' for a reason you designate, it simply pays a percentage of its value each year.
4. When the trust ends, its remaining principal passes to [pgm_charshort]. You may designate how we use these funds.

This diagram shows the benefits if you give [pgm_propertydescription] to fund a [pgm_%income]% [pgm_lcgifttype] that makes payments each year [pgm_duration].

In addition to providing generous support to [pgm_charshort], these benefits include a [pgm_ded] income tax charitable [pgm_capgainbenefit] payments in the first year of [pgm_income] or trust net income, whichever is less. After the trust ‘flips,’ its payments each year will always be [pgm_%income]% of trust value.