Dear Les: First, to get a wealth of links go to http://www.ask.com and "ask Jeeves" about charitable remainder unitrusts.I'll give you a short overview about mine. I set one up with my old university (By the way the charity/institution you have in mind will be HAPPY to send you gobs of stuff on how you can donate to them!)I donated 2,400 shares of GE, worth about $165K at the time. They will pay me 5%/year and they gave me a deduction worth $72K. This was too much for me to use up in the first year, but you can carry it forward for 5 more years (6 years total). Due to the bull market, the value of the trust is now $223,600 and the 5% has risen to $11,179/year (or, $2,794 per quarter). This yearly 5% payout will go on until I die, then the University of New Hampshire gets all the dough.There are other ways to set it up, so that you can pass the 5% payout to an heir, but the whole point of it is that some day the institution you set up the trust with will get the dough. Check out "Ask Jeeves" and you will get more info on all the variations on the theme. Good luck.
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