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Charitable
Remainder Trust
To
establish this form of life income agreement, you need to make
a gift of $50,000 or more to the Seminary. Income from your
gift is paid to you, or another beneficiary you name, for life
or a specified term of years. Upon termination of the trust,
the property remaining will be used by the Seminary for the purpose
you have specified. There are two types of charitable remainder
trusts:
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Unitrust:
income fluctuates annually with the fair market value of the
trust. |
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Annuity
trust: income payments are fixed and determined
when the gift is made, which is attractive to individuals
who wish to avoid risk. |
Advantages
of a Charitable Remainder Trust
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You
will receive income for life or for a specified term of years. |
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If
you make your gift with low-yielding securities or other assets,
you may actually increase your current income. |
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If
you make your gift with appreciated securities or other assets,
you may avoid capital gains taxes. |
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You
will receive an immediate income tax charitable deduction. |
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You
may reduce your estate tax. |
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You
will have the satisfaction of supporting a Seminary program
important to you. |
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You
will be invited to join the DeMent
Society. |
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*
Seek the counsel of your financial or legal representative for
information relative to your particular situation.
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