Charitable Remainder Trust

Simply stated, the concept is “Give the tree, keep the fruit.” Through this plans you donate assets and receive:

• income for life
• a charitable deduction for a portion of the value of the assets
• favorable capital gain treatment
• freedom from the responsibility of investing those assets
• satisfaction in helping now to assure Maryville’s mission for fuure generations

A charitable remainder trust can provide income to one or more persons for life, for a period of years (not to exceed 20 years), or a combination of the two. The income provided can either be variable (unitrust) or fixed (annuity trust). The IRS requires that the income recipient(s) receive at least 5% of the initial gift value. Often times the income received from a charitable remainder trust is sizeable as compared to income received from money market funds, CDs and dividends. A charitable remainder trust can provide very attractive tax benefits – income, capital gain and estate. Additional contributions can be made to a unitrust, and the unitrust can provide the opportunity to defer income for a period of time or until a certain event occurs. Both the charitable remainder unitrust and the charitable remainder annuity trust can be created during life or through one’s estate plan. When the charitable remainder trust terminates the residuum passes to Maryville University to be used for the purpose the donor designated in the trust agreement.

For more information, contact Mark R. Roock, CFRE, Director of Development, at 314.529.9674 or 1.800.627.9855, ext. 9674 or mroock@maryville.edu.  You should consult your own professional advisors before making a charitable gift.