Once considered bequests only for the very wealthy, charitable remainder trusts are increasingly used to provide advantages for donors who wish to make generous gifts to The Darla Moore School of Business but who are reluctant to give up present income from their assets. The trustee distributes this income to the donor, or to the donor and another beneficiary, after his or her death for their lifetime, or for a period of years not to exceed 20. At this point the trust assets become the property of The Darla Moore School of Business to perform the purpose for which the trust was established. Charitable lead trusts Charitable Lead Trusts work in much the same way as Charitable Remainder Trusts. The school, however, first receives the annual income for a period of years to be established, not to exceed twenty years, and then the designated beneficiaries receive the trust assets.
Charitable annuity trusts Charitable annuity trusts pay a fixed dollar annually.
This amount must be at least five percent of the initial value of the trust assets. While there is not the potential for growth in pay outs as with the Charitable Remainder Trust, the amount of income is guaranteed and does not vary with market performance. A memorial gift is an excellent way to honor a deceased friend or family member, and The Darla Moore School of Business welcomes such thoughtful remembrances. A memorial card is sent to the next of kin or other person designated by the donor. Specific suggestions for individuals are available from the BA development officer .