Charitable Remainder Annuity Trusts

Contact for Charitable Remainder Annuity Trusts

Terri Houston
Director of Major Gifts and Planned Giving

Phone: 617-879-2126
Email: thouston@wheelock.edu

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.

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