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Trusts

Trusts are a method of transferring wealth or property across generations.  Learn more about giving through the use of trusts and the different types available. 

Contact Helen Usera at (605) 343-4550 to receive more information and resources about trust establishment. 

Charitable Lead Trusts
Donors wanting to transfer wealth to another generation can establish a lead trust. In this instance, Black Hills Works Foundation could enjoy a stream of income to help meet immediate needs and, after a period of time, the donor's heirs receive the assets. This method of giving also helps to reduce taxes on the donor's estate.

Charitable Remainder Trust
A donor creates a trust funding it with cash or appreciated property. Income from the trust is paid to beneficiary(s) designated by the donor. Those identified receive income for life or for a specified number of years, and at the end of the trust term the assets of the trust pass to the Foundation.

Special Needs Trust for Adults with Disabilities
Estate planning for family members who have a close relative with disabilities can be complex, due to the structure of government benefit programs. There are several existing tools such as the special needs trust that can be used to provide a supplement for a person with disabilities and provide funds for the Black Hills Works Foundation. Your loved ones, charities and the government are the three possible beneficiaries of the assets that you have worked so hard to accumulate. If you die without a will, the laws of your state will determine how your assets will be divided. Black Hills Works Foundation provides a free information sharing seminar annually discussing Special Needs Trusts. Refer to the events area of this web site for details.