Charitable Remainder Annuity Trust

Are you looking for a way to receive fixed income for life or for a number of years? Are you concerned about the high cost of capital gains tax with the sale of an appreciated asset? A charitable remainder annuity trust may offer the solutions you need.

Charitable Remainder Annuity Trust

Stock or Cash

Annuity Trust

Donor

UAkron

Benefits of a charitable remainder annuity trust

• Receive fixed income for life or a term of up to 20 years
• Avoid capital gains tax on the sale of your appreciated assets
• Receive an immediate charitable income tax deduction for the charitable remainder portion of your gift to The University of Akron Foundation

How a charitable remainder annuity trust works

1. You transfer cash or assets to fund a charitable remainder annuity trust.
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 fixed 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.

More on charitable remainder annuity trusts

If you are tired of the fluctuating stock market and want to receive fixed payments, a charitable remainder annuity trust may provide you with the stability you desire. A charitable remainder annuity trust pays a fixed amount each year based on the value of the property at the time the trust is funded.

Contact us

If you have any questions about charitable remainder annuity trusts, please contact us. We would be happy to assist you and answer any questions you might have.

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