Charitable Remainder Unitrust

Charitable Remainder Unitrust Diagram

How It Works

  1. Create trust agreement stating terms of the trust; transfer cash or other property to trustee
  2. Trustee invests and manages trust assets and makes payments to income beneficiaries you designate
  3. Remainder to IC for purposes you specify

Benefits

  • Payments to one or more beneficiaries, varying annually with the value of the trust
  • Federal income-tax deduction for the charitable remainder value of your interest
  • No capital-gain tax when trust is established; property is sold by the trust
  • Trust remainder will provide generous support for IC

More Information

Contact Us

April Mazza
Associate Vice President of Philanthropy
315-944-5833
amazza@ithaca.edu

 

Ithaca College
953 Danby Road
Ithaca, NY 14850
Federal Tax ID Number: 15-0532204

Back

© Pentera, Inc. Planned giving content. All rights reserved.
Disclaimer