Charitable Giving Services

Wayne Hummer Trust Company acts as trustee for charitable remainder unitrusts and annuity trusts. These vehicles provide the grantor and his or her surviving spouse with a stream of income during their lives. At the death of the last to die, the remainder of the trust goes to a charity of their choice.

Another form of charitable trust, the charitable lead trust, provides an income stream to charity for a specified period of time and the remainder goes to the grantor or his/her heirs, usually grandchildren. Both forms of charitable trusts afford the grantor a generous tax deduction in the year that the trust is funded.

Wayne Hummer Trust Company has also created the Generations in Giving Program, a donor advised fund sponsored jointly with the Chicago Community Foundation. A donor advised fund affords our clients and their family the ability to create a lasting legacy of philanthropy, while offering an efficient, simple, and flexible way to manage charitable giving.