Cynthia Rosedale Legacy Society
Cynthia Rosedale, a 27-year employee of the Pasadena Senior Center, continues to make a meaningful impact on our mission because her estate provides for an annual gift to PSC in perpetuity. In 1992, Cynthia found her passion, when she brought the Senior Olympics program to Pasadena. For twenty-two years she ran that program, now known as the Pasadena Senior Games. She also established the Summer Concert Series for the Pasadena Senior Center community annually providing a variety of live music, every week during the summer months, for all to enjoy. A gift planned in her estate ensures that these programs will be funded each year in the future. More
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Give It Twice Trust - Help Family and Charity

You may be looking for a way to provide your children with income while making a gift to Pasadena Senior Center. The "give it twice" trust is a popular option that allows you to transfer your IRA or other asset at death to fund a term of years charitable remainder unitrust. We call this kind of unitrust a give it twice trust because you can use the trust to pay income first to your family for a number of years and then distribute the balance of the trust to charity.

Give it Twice Trust
IRA
Unitrust
Children
PSC
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Benefits of a give it twice trust

  • Use the full value of your unused retirement account to provide income to your surviving spouse and to provide income to children or other loved ones for a specified period of time
  • Create an estate tax deduction and savings from the charitable gift
  • Support the important charitable work of Pasadena Senior Center

How a give it twice trust works

  1. We can help you and your attorney with the process of creating a charitable remainder unitrust.
  2. You complete an IRA or other retirement account beneficiary designation form, naming the charitable trust as the beneficiary, and return the form to the account custodian.
  3. When you pass away, the custodian will transfer your retirement account to the charitable trust.
  4. The trust will pay income to your spouse, children or other individual beneficiaries for their life, term of years or life plus term of years.
  5. At the conclusion of the payments, the balance of the trust will be transferred to Pasadena Senior Center.

Contact us

If you have any questions about a give it twice trust, please contact us. We would be happy to assist you and answer any questions you might have.

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Cynthia Rosedale Legacy Society
Your gift to PSC can make a meaningful impact on our mission. If you have included or are considering including a gift to PSC as part of your estate plan or in the form of another gift, please let us know. More