If you would like to make a gift to Tulane while also keeping income, consider a charitable remainder unitrust. It is an ideal plan for donors who are 50 to 70 years old and concerned about the effects of inflation on their retirement income. Retaining income allows many donors to make a larger gift than they thought possible. The donor gets an income tax deduction when the gift is made. Capital gain is not recognized when you make a gift of appreciated assets.
Income grows over the long term if trust assets grow.
Management of trust assets is more flexible than with other planned gifts. When the trust ends, the trust assets are distributed to Tulane for its general endowment. You should consult your attorney or tax adviser about the applicability of these legal principles to your own situation. Unitrusts usually are funded with a gift of cash, securities or marketable real estate. The trust pays income to one or more persons for life or a term of up to 20 years.