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Donor Resources |
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Charitable Trusts must be administered according to a set of strict IRS requirements. Barnabas Foundation will provide trustee services for donors who request our services. We will serve as trustee and administer trusts where Barnabas Foundation is named as the charitable beneficiary. As is the case with charitable bequests and gift annuities to Barnabas, the donor provides the charitable distribution request form for the ultimate distribution of charitable assets coming from the trust.
There are two types of Charitable Trusts for which Barnabas Foundation serves as trustee:
Charitable Remainder Trusts and
Charitable Lead Trusts. As part of Barnabas Foundation's trustee services, we provide asset management services for charitable trust assets and provide full trust administration services, including distributing pay-out amounts, tracking complex IRS tax rules, and filing appropriate tax returns.
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