The unitrust provides for annual payments to the designated beneficiary(ies) of a specified percentage—at least 5 percent of the value of the trust as it is valued each year. Since the value of trust assets may vary from year to year, the payments may also vary. At the death of the last income beneficiary, the trust principal is distributed to the UW Foundation.
In addition to the income you will receive from the trust, you will also be entitled to a charitable income-tax deduction for the value of our remainder interest in the trust assets.
How it Works
- Create trust agreement outlining terms of the trust
- Transfer cash or other property to trustee
- Trustee invests and manages trust assets
- Trustee makes payments to income beneficiaries
- Remainder to the UW Foundation for purposes you specify
Benefits
- Income to one or more beneficiaries that will vary annually with the value of the trust
- Federal income-tax deduction for the charitable remainder value of your gift
- No capital-gain tax when trust property is sold
- Trust remainder will provide generous support for the UW Foundation
