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. firstname.lastname@example.org
The information in the Web site is not intended as legal advice. For legal advice, please consult an attorney.