Charitable Remainder Unitrust

You may be concerned about the high cost of capital gains tax with the sale of an appreciated asset. Perhaps you recently sold property and are looking for a way to save on taxes this year and plan for retirement. A charitable remainder unitrust might offer the solutions you need.

HOW A CHARITABLE REMAINDER UNITRUST WORKS

You transfer cash or assets to fund a charitable remainder unitrust.
In the case of a trust funded with appreciated assets, the trust will then sell the assets tax-free.
The trust is invested to pay income to you or any other trust beneficiaries you select based on a life, lives, a term of up to 20 years or a life plus a term of up to 20 years.
You receive an income tax deduction in the year you transfer assets to the trust.
Our organization benefits from what remains in the trust after all the trust payments have been made.

Benefits of a charitable remainder unitrust

There are several unitrust payout options to meet your needs. The best payout option may depend on the nature of the asset used to fund the trust. We would be happy to work with you and your tax advisor to determine which payout option is best for you.

How to select the right unitrust payout

A charitable remainder unitrust pays you income that reflects the value of the trust’s assets. Your income has the potential to increase over time as the trust grows in value.

Receive income for life, for a term of up to 20 years or life plus a term of up to 20 years
Avoid capital gains on the sale of your appreciated assets
Receive an immediate charitable income tax deduction for the charitable portion of the trust
Establish a future legacy gift to UGA

Contact Us

If you have any questions about a charitable remainder unitrust, please contact us. We would be happy to assist you and answer any questions you might have.

Our team is here to help

If you are interested in learning more about opportunities for supporting the university through a planned gift, reach out today or give us a call at 706-542-8140. We’re always happy to help answer any questions you may have.

Mike Cook

Senior Director, Gift & Estate Planning
mikecook@uga.edu

Patrick Knowles

Associate Director, Gift & Estate Planning
pknowles@uga.edu

Ryan Rasmussen

Assistant Director, Gift & Estate Planning
ryan.r@uga.edu

Zeb Brookshire

Trusts and Estates Coordinator
zbbrooks@uga.edu

Lauren Schlesinger

Marketing and Stewardship Coordinator
lkschlesinger@uga.edu

Carrie Bero

Administrative Associate
cbero@uga.edu

We are here for you

Contact Us Today

COMPLETE THE FORM BELOW

"*" indicates required fields

This site is informational and educational in nature. It is not offering professional tax, legal, or accounting advice. For specific advice about the effect of any planning concept on your tax or financial situation or with your estate, please consult a qualified professional advisor.

UGA Foundation

gifts@uga.edu

706-542-6677

EIN/Tax ID: 58-6033837