Charitable Remainder Unitrust
If you are interested in a planned gift to Marywood while also leaving an income stream for you or your loved ones, consider a Charitable Reminder Unitrust. A Charitable Reminder Unitrust provides you or other named individuals income each year for life or a period of years. At the end of the trust term, the balance in the trust goes to Marywood to support the area(s) you designate.
Charitable Remainder Unitrust
Stock or Cash
Unitrust
Donor
Marywood
Benefits of a charitable remainder unitrust
- Receive income for life, for a term of up to 20 years or life plus a term of up to 20 years
- Avoid capital gains on the sale of your appreciated assets
- Receive an immediate charitable income tax deduction for the charitable portion of the trust
- Establish a future legacy gift to our organization
How a charitable remainder unitrust works
- You transfer cash or assets to fund a charitable remainder unitrust.
- In the case of a trust funded with appreciated assets, the trust will then sell the assets tax-free.
- The trust is invested to pay income to you or any other trust beneficiaries you select based on a life, lives, a term of up to 20 years or a life plus a term of up to 20 years.
- You receive an income tax deduction in the year you transfer assets to the trust.
- Our organization benefits from what remains in the trust after all the trust payments have been made.
Contact us
If you have any questions about a charitable remainder unitrust, please contact us. We would be happy to assist you and answer any questions you might have.
