This is a gift instrument that can benefit you with income for life. The charitable remainder trust is a trust agreement where you can transfer ownership of an asset to a trustee. The trustee would then pay a specified percentage of the value of the trust to you and / or other beneficiaries for a term of years or for the remainder of the lives of the beneficiaries. The assets remaining in the trust at the conclusion of the term of years or upon the passing of the beneficiaries, will benefit Culver-Stockton College.
Assets placed inside such a trust may avoid capital gains taxes and upon your death, any assets remaining in the trust are treated as a charitable gift, rather than part of your estate. This is frequently used to gift appreciated property, such as stocks, bonds, and real estate.
Need more information about charitable remainder trusts?
Please contact our Advancement Services Department at 1-800-755-2287 or send them an e-mail at email@example.com.