Charitable Remainder Annuity Trusts
Contact for Charitable Remainder Annuity Trusts
Director of Major Gifts and Planned Giving
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, and
- 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, there is a $100,000 minimum gift to create a charitable remainder annuity trust.