Trusts have many advantages.
Charitable Remainder Unitrust Assets you transfer to this type of trust pay you a lifetime income based on a fixed percentage of the trust's principal . If you fund the trust with highly appreciated assets, the trust can sell those assets without capital gains consequences and can replace those assets with ones which will produce substantially higher income for you during your lifetime. At your death, the assets go to the college. Charitable Remainder Annuity Trust Assets you transfer to this type of trust pay you a lifetime income based on a fixed dollar amount paid at specified intervals. These trusts provide income to the college for a specified number of years, one or more person's lifetimes or a combination of the two.