A charitable remainder trust makes periodic payments to one
to eight persons for life or for a term of up to 20 years. Upon
termination of the trust, the remaining assets are used
for the charitable purpose you have specified. You may act
as a trustee, or the University of Minnesota Foundation can
act as trustee if the U is designated to receive at least 50 percent of
the remaining principal at the trust's termination (at least $100,000).
There are two types of charitable remainder trusts:
Unitrust: income adjusted annually as a fixed percentage
of the fair market value of the trust. This type is best for
those who want to participate in market gains and can tolerate
some risk.
Annuity trust: income payments are
fixed and determined when the gift is made. This is attractive
to individuals who wish to avoid risk.
To receive a gift illustration, please fill out and submit
the online
form.
