Charitable Remainder Trust

How it Works

Establish a charitable remainder trust by irrevocably transferring cash, securities or other property to a trustee. Each year, the trust will pay a percentage (unitrust) or fixed percentage (annuity trust) of its value to you and/or other designated individuals for their lifetimes or a term of years. When the trust ends, the remainder is distributed to U-M for the purpose you designate. The University of Michigan may serve as trustee with a minimum gift of $100,000.

Potential Benefits

  • Make a generous gift to the University of Michigan
  • Receive charitable income tax deduction in the year the trust is funded
  • Avoid capital gains tax if funded with appreciate assets
  • Removes assets from taxable estate
  • Provides an income stream to yourself and/or other beneficiaries for life or term of years

This Might Interest You if You…

  • Are interested in receiving an income or providing an income for others
  • May have highly-appreciated, low-yielding assets
  • Are interested in receiving a charitable tax deduction now
  • Are concerned about potential estate taxes

How to Get Started

  • Discuss this option with your financial advisor
  • Contact Ally Effler to receive more information