Charitable Remainder Trusts
 This gift is for you if…
- You want to make a major gift to us while retaining or increasing your income.
- You hold securities, a business, or investment real estate, and want to avoid the capital gains cost of a sale.
- You desire maximum flexibility in the operation of your gift:
- You want income paid to your beneficiary for a term of years instead of her lifetime.
- You want to pay more than one beneficiary.
- You want the option of choosing the trustees of your gift plan.
- A Unitrust pays beneficiaries variable income. Choose a unitrust if you want your income to be able to grow over time.
- A Unitrust can hold assets that are appreciating but not yielding income. It's the right option if you want to invest your gift plan first for growth and then for income, or if you want to donate a valuable but temporarily illiquid asset.
- An Annuity Trust pays beneficiaries fixed income. Choose an annuity trust if you value that stability, or if you want a larger charitable deduction than a unitrust would give you.
- You can place tax-free bonds in an Annnuity Trust, receive a charitable deduction, then draw tax-free income through the trust.
Unitrusts and Annuity Trusts
If you want maximum flexibility and maximum effectiveness in your giving, consider a Charitable Remainder Trust (a CRT) benefitting Coastline Community College Foundation. CRT's come in two versions. A unitrust pays you and/or other beneficiaries income as a fixed percentage of value of the trust principal. The unitrust is revalued annually, and income in excess of the percentage payout is reinvested. Alternately, an annuity trust pays you and your beneficiaries a fixed income.
CRT's may pay income to multiple beneficiaries, for life or a term or years. A unitrust may be structured to invest solely for growth for a term of years, an attractive way to help provide for future retirement or tuition needs while also making a substantial gift to Coastline Community College Foundation. An annuity trust may hold tax-free securities and pass tax-free income through to the beneficiaries.
You, your advisor, or a financial institution may serve as the trustee of a CRT. Coastline Community College Foundation can provide advice and sample forms to help you set up your trust.
To learn more about gifts of charitable remainder trusts, Email us, complete the Information Request form, or call us at 714-241-6159 so that we can assist you.
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