Gift Planning Corner: Charitable Remainder Trusts

As the real estate market rebounds, donors are expressing a renewed interest in charitable remainder trusts as a way to support the University of Montana. A charitable remainder trust using real property can provide you with income for life (or for a term of years), lower both income and capital gains taxes, and provide support for UM in the future.

Creating a charitable remainder trust is easy to do. First you sign a document creating the trust. Then you transfer the deed for real property into the trust. After the property is sold, the trust begins making payments to you. No immediate capital gains are triggered, and you will be eligible for a partial income tax deduction in the year you fund your trust. After the trust terminates, the remaining assets are available to support UM.

If you would like more information about how a charitable remainder trust could work for you visit SupportUM.org/GiftPlanning.