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Trusts & Annuities

Charitable Lead Trusts

Charitable lead trusts are like charitable remainder trusts in reverse. The donor selects the assets used to fund the trust and then decides how long it will last. The university will receive income from the trust while it exists. There is no minimum payout and when the trust terminates, its assets return to the donor or the designated beneficiary.

Charitable Remainder Trusts

To create a charitable remainder trust, a donor places assets into an irrevocable trust and names a Trustee (for example, a University Foundation or bank trust department). The trustee invests the assets (which can grow tax-free) and pays an income for life or a set term of years to the beneficiaries the donor selects. When the last income beneficiary dies or the trust's term ends, the trust disolves and the remaining assets (charitable remainder) are given to the University to be used for the purpose the donor has designated.

Charitable Remainder Annuity Trusts allow a donor to receive a variable income that is based on a percentage of the trust's assets. Income payments increase or decrease with the changing value of the trust.

Charitable Gift Annuities provide a fixed income to the donor. There are often tax benefits in estate and capital gains taxes eith this kind of trust or annuity.

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