Iona Mink received a gift from her grandmother’s estate — land appraised for $1,000,000. Iona knew she was not able to afford the property tax on this land, but she also knew she needed a steady income to help until her retirement in ten years. Iona gifted the land to a CRUT with The Solomon Foundation as the intended charitable beneficiary, which made her eligible for a  charitable tax deduction. Then, TSF put her gift to work in the kingdom of God, which through the 20x Factor helped 10 churches obtain buildings. Finally, Iona received 6% as income for ten years, totaling $600,000. This is what we call a win-win-win.

Earl E. Bird has a successful business, but is ready to retire. He sells his company for $500,000 but wants to avoid capital gains tax. Earl also knows that his grandchildren are going to be headed to college in the next ten years, so he wants his earnings to help them graduate debt-free. Earl creates a CRUT with The Solomon Foundation with his $500,000. He immediately becomes eligible for a charitable tax deduction for the full amount. 6% of this CRUT is placed in a trust. Over ten years, Earl earns $300,000 on the CRUT toward his grandchildren’s education. Finally, the original $500,000 gift through the 20x factor provides 5 churches with new buildings.