CHARITABLE REMAINDER ANNUITY TRUST

You may be looking for a way to receive fixed income for life or a number of years. 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 and plan for retirement. A charitable remainder annuity trust may offer the solutions you need.

HOW A CHARITABLE REMAINDER ANNUITY TRUST WORKS

You transfer cash or assets to fund a charitable remainder annuity trust.
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 fixed income to you or any other trust beneficiaries you select based on a life, lives or 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 annuity trust

Receive fixed income for life or a term of up to 20 years
Avoid capital gains tax on the sale of your appreciated assets
Receive an immediate charitable income tax deduction for the charitable remainder portion of your gift

More on charitable remainder annuity trusts

If you are tired of the fluctuating stock market and want to receive fixed payments, a charitable remainder annuity trust may provide you with the stability you desire. A charitable remainder annuity trust pays a fixed amount each year based on the value of the property at the time the trust is funded.

Contact Us

If you have any questions about charitable remainder annuity trusts, 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

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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