Charitable Remainder Trust

The Charitable Remainder Trust is a versatile planning technique that allows you to contribute to Daemen while retaining an income for life or for a term of years.  You transfer property (cash, securities, or other property) to a trust either in life or through your Will and you or your designee receive an income for life.  At the end of the trust term, the remaining assets go to Daemen College for our use. 

 

Highly appreciated assets that generate low income are ideal for this purpose.  You avoid any up-front tax on long-term capital gains, and you receive an income tax charitable deduction equal to the present value of the remainder interest. 

 

The benefits to you include:
  • Increase your income.
  • Obtain a significant income tax charitable deduction.
  • Unlock appreciated assets without incurring capital gains tax.
  • Remove assets and future appreciation from your taxable estate.
  • Diversify your portfolio.
  • Supplement your retirement income.
  • Membership in the M. Angela Canavan Legacy Society.

 

For more information on the Charitable Remainder Trust, contact Pat Smith, Director of Leadership Giving or your attorney. psmith@daemen.edu

 

The information in the Web site is not intended as legal advice.  For legal advice, please consult an attorney.

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“Without my advisors guiding the way, including Academic Advisors, and Co-Op Advisors, I would not have had the opportunity to apply my academic education to the real-world experience that I have gained through internships.”

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Founders Walkway Path  

Founders Walkway
Paving the path to Rosary Hall, the walkway allows donors to permanently inscribe a brick memorializing a special loved one, occasion or dedication.
 

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