There are different ways that individuals can support the mission of the National Headache Foundation through donations . A present donation of money or other items of value is the most frequent manner of support . Provisions for specific bequests or residual bequests in one ’ s will or trust are often utilized . As part of one ’ s estate planning or planned giving , an individual can provide for charitable giving that may minimize gift and estate taxes while providing for ( a ) the smooth transfer of ownership , ( b ) the care and support of dependents , and ( c ) the avoidance of disputes among survivors .
Three commonly used planned giving vehicles are :
1 . Charitable remainder annuity trust . Assets ( generally securities ) are transferred to a trust . The trust makes fixed annual payments to the donor or other specified beneficiaries named by the donor . When the trust terminates upon the death of the donor or other specified beneficiaries , the remainder of the assets in the trust pass to the charity . A trust document is required . The donor retains the ability to change the designated charity .
2 . Charitable remainder unitrust . Assets are transferred to a trust . The donor or other specified beneficiaries named by the donor receive fluctuating payouts from the trust ( a percentage of the value of the principal ) and , upon the death of the donor or other specified beneficiaries , the remainder of the assets passes to the designated charity . A trust document is required . The donor retains the ability to change designated charity .
3 . Charitable gift annuity . The donor , under a contract with a charity , transfers cash or securities to the charity . The charity pays the designated beneficiary a fixed income for life . Upon the death of the beneficiary , the remaining balance passes to the charity . No trust document is required and the charity cannot be changed .
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