College of Veterinary Medicine alumni and friends who have built a sizeable estate and are looking for ways to receive reliable payments should consider a charitable remainder trust.
These types of gifts do offer individual tax benefits with the option for a set income.
Individuals can choose from one of two ways to receive payments, with each having its own set of benefits.
- The annuity trust pays you, each year, the same dollar amount you choose at the start. Your payments stay the same, regardless of fluctuations in trust investments.
- The unitrust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. The amount of your payments is redetermined annually. If the value of the trust increases, so do your payments. If the value decreases, however, so will your payments.