Charitable Remainder Unitrust

Are you concerned about the high cost of capital gains tax with the sale of an appreciated asset? Have you recently sold property and are looking for a way to save on taxes this year while also planning for retirement? A charitable remainder unitrust might offer the solution you need.

Charitable Remainder Unitrust

Stock or Cash

Unitrust

Donor

UAkron

Benefits of a charitable remainder unitrust

• Receive income for life or for 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

1. You transfer cash or assets to fund a charitable remainder unitrust.
2. In the case of a trust funded with appreciated assets, the trust will then sell the assets tax-free.
3. The trust is invested to pay income to one or two trust beneficiaries for life or for a term of up to 20 years.
4. You receive an income tax deduction in the year you transfer assets to the trust.
5. The UA Foundation 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.

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All charitable remainder trusts must be reviewed and approved by the Executive Director of the UA Foundation.