Planned Giving >>> Deferred Gifts >>> Life Income Gifts

Charitable Remainder Trust

Charitable Remainder Trusts (CRTs) pay income to you for your lifetime or for a specified number of years, after which the assets you placed in the trust go to CNU. CRTs offer income, estate and capital gains tax advantages.

Two alternatives are available for charitable remainder trusts: a unitrust and an annuity trust. A unitrust pays you a fixed percentage of trust assets (not less than 5%) determined annually. An annuity trust pays a fixed annuity and requires that a sum certain (not less than 5%) of the initial fair market value of trust assets is paid at least annually to your named income beneficiary or beneficiaries. When the trust is terminated, either at your death or after a specified number of years, the principal in the trust goes to CNU.

Contact Lucy Latchum, Director of Planned Giving, University Advancement, at (757) 594-7702 or by email at llatchum@cnu.edu for more information.

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