LEGACY PLANNING SERIES: CHARITABLE SPLIT INTEREST TRUST

Split Interest Gifts to a Charity, such as the RAF
As the name implies, a split interest gift involves two or more parties. One is the donor, the second is a tax-exempt 501(c)3 charity like the RAF.

This is an irrevocable gift of an asset – typically a highly appreciated, yet previously untaxed one – to a special trust or charitable gift annuity. The transfer and tax deduction is generally based on the fair market value of the asset (per the terms of each agreement), rather than an amount reduced by long term capital gain taxes.



A retirement income stream is paid to you or a named beneficiary for as long as your lifetime, while the remainder of the asset goes to the RAF at your passing. The income tax deduction you receive due to the gift may help reduce your annual income taxes for a number of years in the future.


What assets may be donated to this Charitable Split Interest Trust?

  • Cash
  • Publicly traded securities
  • Some types of closely held business interests (Not Sub-S stock)
  • Real Estate
  • Personal property – Aircraft, RV’s, etc.

KEY BENEFITS

  • Preserves the value of highly appreciated assets:
    For those with significantly appreciated long term assets, including non-income producing property, you contribute that property to the trust and, when the trust sells it, it is exempt from tax. By donating assets in-kind to the trust, you preserve their full fair market value rather than a reduction by capital gain taxes. This allows for more income for you and the RAF.
  • Income tax deduction:
    The trust gives you the potential to enjoy a partial income tax deduction when you fund it, and the remainder is distributed to the RAF.
  • Tax exemption:
    The trust’s investment income is exempt from tax. This makes the trust a good option for asset divestment, and provides a larger income stream and remainder interest for the RAF.

Think of it as a Wealth Replacement Trust – The tax savings and potential increased retirement income flow could facilitate an insured wealth replacement trust for your heirs

NET RESULTS of the Charitable Split Interest Trust:
Capital gain tax savings, increased retirement income cashflow, a legacy gift to the RAF, and your heirs receive a tax-free bequest at your passing.

Submitted May 12, 2024


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July 5, 2026
FEATURING: RAF PULASKI GLASSES Raise a glass to the work that keeps backcountry aviation alive! These RAF Pulaski Glasses are a perfect addition to your bar or a thoughtful gift for any aviation or backcountry enthusiast. Each glass features the RAF’s signature Pulaski tool, a tribute to the hardworking volunteers who preserve, improve, and protect airstrips across the country. Just like the tool itself, these glasses celebrate grit, utility, and a commitment to getting the job done. The Pulaski is a versatile, heavy-duty tool used for trail building, chopping wood, and clearing brush, making it an essential part of backcountry work for RAF volunteers. Made in the USA from high-quality glass, they’re built to last. Get yours today. 
By Carmine Mowbray July 1, 2026
You’d have a hard time finding a more beautiful place to fly than Driggs-Reed Memorial Airport (KDIJ). The Grand Teton, Big Hole, and Snake River mountain ranges surround this eastern Idaho valley. Driggs has become a world-class destination for the pilot community. National Geographic magazine listed Driggs as “one of the ten best outdoor recreation destinations in the U.S.” Just a 45-minute drive over Teton Pass is Jackson, Wyoming, a famous Western destination. The airport, at an elevation of 6,257, accommodates aircraft on both its 7,300-ft paved runway and 3,000-ft turf landing area, marked with cones. Note: The SW 3,451 feet of the paved runway is closed until August for reconstruction. Check NOTAMS before landing. Fly-in visitors are welcome to camp underwing at its grassy tie-down area. It’s an ideal gateway to the Idaho backcountry. Enjoy views of the nearby Teton Range from the 12' x 16' cedar pilot shelter. There is potable water, a toilet, power, a gas barbecue, and a charging station nearby. Within walking distance of the campground is the Forage restaurant. A bike shed and loaner bikes, provided by the Idaho Aviation Association Borrow-A-Bike program, are available to ride into town. If you desire a more urban experience or wish to explore further, the airport has rental cars. “It’s a great destination for the pilot community, with access to hiking, biking, fishing, floating, golf and a small town with numerous shops and restaurants,” RAF Director and Driggs resident Tim Riley says. He and a local RAF supporter recently completed a spring cleanup to ready it for the season. The amenities were provided cooperatively through the RAF, the Idaho Aviation Association (IAA), the City of Driggs, and its Airport Board, with financial contributions from each. For more information on Driggs, see the Airfield Guide . Submitted July 1, 2026 By Carmine Mowbray
June 30, 2026
It’s bear grass season around West Glacier, Montana, and nearly a score of volunteers from three different states drove in to Ryan Field June 12-13 to complete seasonal maintenance, and enjoyed spotting the showy blooms throughout the woods. Bear scat was also seen in several places – a reminder that a clean camp protects both campers and wildlife. The airfield remains closed until the new runway grass has stabilized for landing, so watch the Airfield Guide for an announcement that the field has re-opened. As a result, there was no annual Ryan Fly-in this year. Volunteers removed downed trees, cleared and marked hiking trails, mowed around the buildings and part of the runway, cleaned bear boxes, the pilot shelter, cabins, and barn. “We welcomed new volunteers and continue to work hard maintaining the field. We are as eager as everyone for the grass to take good hold so the runway can open again,” Administrative Director Tricia McKenna said. Submitted June 30, 2026
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