The Heritage Society Charitable Remainder Annuity Trusts
When you establish a Charitable Remainder Annuity Trust with Wheelock College, your gift is managed to produce income for you and, perhaps, for another beneficiary. Each trust is donor-specific and provides the flexibility of a separately managed portfolio, an immediate charitable income tax deduction, capital gains benefits, and – for larger estates – estate tax benefits. The trust is an excellent vehicle for gifts of marketable real estate, closely held stock, and long-term appreciated securities as well as cash.
A trust’s investment strategy can be structured to suit your current income needs and modified over time as your needs change. A trust can also serve as an excellent hedge against inflation, because your annual income will grow with any increase in the trust’s market value.
At the end of your lifetime – or a specified number of years – the value of the principal in the trust becomes available to the College for designated purposes.
What is a Charitable Remainder Annuity Trust?
A trust that pays you fixed income for life or term of years
Why should I create this trust?
To secure stable income
When should I create a trust?
At any time a donor is seeking to make a substantial gift and receive fixed income
What are the benefits?
A gift to Wheelock
Fixed income for life
Income tax charitable deduction
No capital gains tax on transfer
of appreciated assets
Possible estate tax savings
Simple to administer
Assets can be sold and investments structured
to provide tax-advantaged income stream
How is a trust funded?
Typically funded with cash, appreciated securities, or real estate
$100,000
minimum gift to create a charitable remainder annuity trust
