Unless there are surviving beneficiaries. We recommend that you contact us to make sure that the University will be able to honor your wishes and that you discuss your plans in detail with your own professional advisors. With a gift like this, it is actually possible to increase your income while saving taxes three times. There are two basic types of charitable trusts. A charitable remainder unitrust pays out a fixed percentage of the trust principal that is revalued annually.
Income is designed to increase over time as the assets in the trust grow.
A charitable remainder annuity trust pays a fixed dollar amount for life. An important variation on the charitable remainder trust concept is the charitable lead trust. Income comes from a portion of your assets available to the University while you actually retain the right to get the assets back or to transfer them to other beneficiaries after a pre-determined number of years with potential savings in gift taxes. The charitable lead trust is an ideal strategy if you are interested in using a charitable gift vehicle to transfer assets to your heirs. The charitable gift annuity is the simplest form of life income gift.