You can establish a trust that partly benefits you or your loved ones and partly benefits a nonprofit like the NFFF. Because a portion of the trust assets will go to the NFFF, you receive an income tax charitable deduction.

There are various ways these trusts can be structured. Charitable remainder trusts (CRTs), for example, pay you or your loved one an annuity for a certain period of time. Then, at the end of the trust term, the assets left in the CRT go to the NFFF. Charitable lead trusts (CLTs), on the other hand, pay an annuity to the NFFF for a certain period of time. Then, at the end of the trust term, the assets left in the CLT go to your loved ones.

CRTs and CLTs are sophisticated estate planning and gifting techniques with serious tax and other consequences. If you are considering establishing a charitable trust, you should speak with an attorney.