“Give It Twice” Trust

“Give It Twice” Trust

If you’re looking for a way to provide income to your family while also making a meaningful gift to Roger Bacon High School, a “Give It Twice” trust may be a powerful solution.

This strategy allows your assets to support your loved ones first—and then make a lasting impact on future Spartans.

How It Works

A “Give It Twice” trust is typically funded through retirement assets such as an IRA:

1. Create a Charitable Trust
   A charitable remainder unitrust is established as part of your estate plan.
2. Name the Trust as Beneficiary
   You designate the trust as the beneficiary of your IRA or other retirement account.
3. Provide Income to Loved Ones
   After your lifetime, the account funds the trust, which then makes payments to your spouse, children, or other beneficiaries for a set period of time or for life.
4. Support Roger Bacon
   When the trust term ends, the remaining assets are distributed to Roger Bacon High School.

Key Benefits

This approach offers a unique balance between family support and charitable impact:

• Provides income to your spouse, children, or other loved ones
• Utilizes the full value of retirement assets in a tax-efficient way
• May generate estate tax benefits
• Creates a meaningful future gift to Roger Bacon High School

A Thoughtful Way to Plan

A “Give It Twice” trust can help you:

• Provide structured income to heirs instead of a one-time distribution
• Promote long-term financial responsibility for beneficiaries
• Treat multiple heirs more equitably through consistent payments
• Align your financial legacy with your charitable values

Why Retirement Assets?

Retirement accounts are often heavily taxed when passed directly to heirs. By directing these assets into a charitable trust, you can reduce the overall tax impact while still providing income to your family.

A Lasting Legacy

This strategy allows your assets to make an impact twice—first by supporting your loved ones, and ultimately by strengthening the mission of Roger Bacon High School.