The Braille Monitor                                                                                         October, 2003

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Braille Readers Are Leaders

November 1, 2003 February 1, 2004

    [ ] I wish to request contest entry forms. I understand this is a contest for Braille-reading students, kindergarten through twelfth grades (including students in ungraded programs). Please send me ______ entry form(s).

    [ ] I wish to request BRL Reading Pals registration forms. I understand this is a pre-Braille literacy program for blind and visually impaired prereaders (babies, toddlers, preschoolers, and older children who are not yet independent readers). Please send me ________ registration forms.

Please send them to my [ ] school/work address [ ] home address.

Name ____________________________________________________________

[ ] Parent[ ] Teacher[ ] Librarian Other ___________________________________

Address__________________________________________________________

City, State, Zip _____________________________________________________

The best way to contact me is by:

E-mail: ____________________________________________________________

(PLEASE PRINT LEGIBLY)

Telephone: home________ school/office_________ cell _____________

For more information about these and other programs sponsored by the National Organization of Parents of Blind Children (NOPBC) or the National Association to Promote the Use of Braille (NAPUB), contact Barbara Cheadle, President, NOPBC, (410) 659-9314 ext. 360; e-mail: <bcheadle@nfb.org>; or Nadine Jacobson, President, NAPUB, (651) 733-9780; e-mail: <Nadine.Jacobson@visi.com>.

Charitable Remainder Trusts

A trust is a plan established to accomplish goals for the individual making the trust and for the beneficiary. The donor creates the trust, appoints a trustee (the donor, a family member, a bank trust officer, etc.), and designates a beneficiary. In the case of a charitable remainder trust, money or property is transferred by the donor to a charitable trust. This trust pays income for life. After the donor's death the funds remaining in the trust go to the National Federation of the Blind.

There are two kinds of charitable trusts. The first, a charitable remainder annuity trust, is set up to pay income to the donor based on a fixed percentage of the original gift. The second is a charitable remainder unitrust. The income from this trust is based on the annual assessed value of the gift. Both types of charitable remainder trust are common and relatively easy to set up. Appreciable tax deductions are available, depending on which type of trust is selected.

The following examples demonstrate how trusts work, but the figures are illustrative, not exact:

Michael Brown, age sixty-five, decides to set up a charitable remainder annuity trust with $100,000. He asks his brother John to manage the trust for him. During Michael's lifetime John will see to it that Michael is paid $5,000 each year (5 percent of $100,000). In addition, Michael can claim a tax deduction of $59,207 in the year the trust is established.

Mary Ellen Davis, age sixty-five, sets up a charitable remainder unitrust with $100,000. She asks her attorney to act as trustee. During Mary Ellen's life her attorney will pay her an amount, 5 percent, equal to the annual assessed value of her gift. If the $100,000 unitrust grows to $110,000, Mary Ellen will be paid $5,500. If it grows again to $120,000, she will be paid $6,000 in that year, and so on. Also Mary Ellen can claim a tax deduction of $48,935 in the year she establishes the unitrust.

For more information on charitable remainder trusts, contact the National Federation of the Blind, Special Gifts, 1800 Johnson Street, Baltimore, Maryland 21230-4998, phone (410) 659-9314, fax (410) 685-5653.

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