Charitable Remainder Trust
A charitable remainder trust enables a donor to irrevocably place assets into a trust in exchange for an income. This income can be for life or a term of years. As the donor, you may fund the trust with a minimum value of $50,000. At the end of the trust term, or when all income beneficiaries pass away, the remaining principal transfers directly to Temple University for a use designated by you.
"Temple gave me the opportunity to be successful. It opened
the doors that I needed. The university continues to do the
same for the students of today and in the future. That's
exactly why I like Temple and why my charitable trust for
the university means so much to me."
- Wister S. Baisch, SBM '49
There are two types of Charitable Remainder Trusts that Temple can help you establish:
• Charitable Remainder Unitrust
• Charitable Remainder Annuity Trust
Charitable Unitrust
In this arrangement, the trust income is based on a fixed percentage of the fair market value of the trust. The trust is revalued annually, thus your income may vary from year to year.
Benefits to Donor
• Immediate charitable tax deduction based on Temple’s remainder interest
• Trust can be established for life or for a term of years
• Avoid initial capital gains tax
• Recognition in Temple’s Acres of Diamonds Circle
Benefits to Temple
• Temple receives the remainder to support the area of your choice
Income
• Yes, variable based on the annual value of the trust
• At a minimum of 5%. This rate is mutually agreed upon by you and Temple
• Name one or more beneficiaries
For donors who …
• Want income with the potential for growth
• Want to gain freedom from the investment management of the assets
• May consider making additional gifts to the trust to increase its value
Establish this arrangement with …
• Cash
• Appreciated Securities
• Real Property
View a Charitable Unitrust example.
Charitable Annuity Trust
The income from this type of trust is a fixed dollar amount based on the amount of the trust when it is created. The annual income remains fixed at that amount through the remainder of the life of the trust.
Benefits to Donor
• Immediate charitable tax deduction based on Temple’s remainder interest
• Trust can be established for life or a term of years
• Avoid initial capital gains tax
• Recognition in Temple’s Acres of Diamonds Circle
Benefits to Temple
• Temple receives the remainder to support the area of your choice
Income
• Yes, fixed based on the initial value of the trust when established
• At a minimum of 5%. This rate is mutually agreed upon by you and Temple
• Name one or more beneficiaries
For donors who …
• Want to gain freedom from the investment management of the assets
Establish this arrangement with …
• Cash
• Appreciated Securities
• Real Property
View a Charitable Annuity Trust example.
For more information on charitable remainder trusts and to see a sample trust illustration that is personalized for your particular circumstances, please contact us.