Charitable Remainder Trust
If you have built a sizable estate and also are looking for ways to receive reliable payments, consider a charitable remainder trust. A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.
These types of gifts do offer you tax benefits and the option for income. There are two ways to receive payments and each has its own benefits:
The unitrust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. The amount of your payments is redetermined annually. If the value of the trust increases, so do your payments. If the value decreases, however, so will your payments.
The annuity trust pays you, each year, the same dollar amount you choose at the start. Your payments stay the same, regardless of fluctuations in trust investments.
A Real-Life Example: Meet Irwin From
Irwin From of Spartanburg, South Carolina, likes the idea of building on something important to his family. That's why he has continued the legacy of supporting scholarships that honor his grandparents, Israel and Bertha From, and his parents, Ellis and Maie From. The From scholarships are intended for students who attend USC Union and help defray a large portion of the annual tuition.
In addition to supporting the scholarships, Irwin also plans to establish charitable remainder trusts and other planned gifts that will benefit USC Union and create scholarships for Union County students attending USC Upstate, the university's senior campus in Spartanburg. Read More
Gift Planning Resources
See which type of charitable trust best fits your estate plan with the FREE guide Choose From 2 Win-Win Ways to Donate.View My Guide
Gifts That Pay
Your payments depend on your age at the time of the donation. If you are younger than 60, we recommend that you learn more about your options and download this FREE guide Plan for Retirement With a Deferred Gift Annuity.
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The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.