Charitable Remainder Trust

A charitable remainder trust is an arrangement in which a donation is made to COA and held in trust while you, or loved ones, continue to receive a fixed annual income, or an income that varies with the value of the trust. At the death of the last income beneficiary, the assets in the trust are distributed to College of the Atlantic to be used for the purposes you designated. The trust can have a fixed annual payment (Annuity Trust) or a payment that is a percentage of the value of the trust year to year (Unitrust).

Trusts may be funded by gifts of cash, securities, or real estate. You may specify that payments from the trust be made to you and/or one or more other persons for specific periods of time or for life. This way you can support your loved ones even after you are gone.

This option is excellent for devising a supplemental retirement plan — College of the Atlantic can provide you with more details.



Benefits

  1. An income tax deduction in the year of the trust’s establishment equal to the remainder value of the trust designated for COA.
  2. Removal of contributed assets from your taxable estate.
  3. Lifetime income.
  4. You can avoid capital gains tax on the donated assets.