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Charitable Remainder Unitrust



How It Works

  • You transfer cash, securities, or other appreciated property into a trust. The required minimum for this type of gift is $100,000.
  • The trust pays a percentage of the value of its principal, which is valued annually, to you or beneficiaries you name.
  • You may use your real estate to fund a charitable remainder unitrust (CRUT), which may be structured to provide lifetime income for you and/or others, or income for a term of years.
  • When the trust terminates, the remainder passes to Suffield Academy to be used as you have directed.

Benefits

  • Receive income for life or a term of years in return for your gift. 
  • Receive an immediate income tax deduction for a portion of your contribution.
  • Pay no up-front capital gains tax on appreciated assets you give.
  • You may be able to make additional gifts to the trust as your circumstances allow for additional income and tax benefits.


Suffield Academy   185 North Main Street   Suffield, Connecticut 06078   Phone 860.386.4400  |  Fax 860.386.4411