If you are someone who considers charitable giving to be an important part of your life, and by extension your estate plan, then you have likely considered creating a charitable trust. You may, however, wonder whether a single charitable trust can actually make a difference. Consider the following example of one that has made a difference now for over 200 years.
The Sailors’ Snug Harbor trust was originally established over 200 years ago – in 1801 to be exact – by an old sailor named Captain Robert Richard Randall. Actually, there is some debate as to whether he was actually a captain but whether he was, or wasn’t, isn’t important. What is important is that he directed the proceeds of his estate assets to be used to create a refuge for old sailors. That simple gift has endured for over two centuries in the form of the Sailors’ Snug Harbor Trust.
To date, the trust has helped over 15,000 sailors by providing financial assistance, medical care and treatment, and even a retirement home where they can live and eat cost-free. The facilities were originally located in New York but have since been moved to North Carolina. In addition, an outreach program was also started to assist sailors where they live.
Along with the original gift, the key to the amazing success of the trust has been competent management by the trustees of the trust. The Sailors’ Snug Harbor trust serves as an example of how one charitable gift can change the lives of thousands. If you wish to apply for services offered by the trust, an application is available through the trust website.
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