Charitable Remainder Trusts
How it Works
Creating a charitable remainder trust is easy! You sign a simple trust document and then transfer cash, stock or real estate into the trust. The trust then makes payments to you for life or for a period of years. After the trust payments end, the remaining trust assets are used to support the University of Montana.
- Payments for life or for a period of years
- Partial income tax charitable deduction
- No immediate capital gains taxes are triggered at the time the trust is funded
- You may qualify for the Montana Endowment Tax Credit
Choose Between Two Main Types
There are two popular types of charitable remainder trusts:
Unitrusts make variable payments to you based on a fixed percentage of the fair market value of the trust assets. The amount of your payments are recalculated annually.
- Annuity Trusts
Annuity trusts make fixed payments to you based on a percentage of the original amount contributed.
We can provide you with a personalized gift illustration to show how a charitable remainder trust can work for you, or you can try our free gift calculator below.
Contact Alison Schultz at 406.243.5121 with any questions about setting up a charitable remainder trust with the University of Montana Foundation. We're happy to help!