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Charitable Remainder Trust

A charitable remainder trust is an arrangement in which a donation is made to the university and held in trust while you, or loved ones, continue to receive income. The trust can have a fixed annual payment (annuity trust) or a payment that is a percentage of the value of the trust, varying from year to year (unitrust).

Upon the death of the last income beneficiary, the trust's assets are distributed to Fitchburg State to be used for the purposes you designated.

Trusts may be funded by gifts of cash, securities, or real estate. You may specify that payments from the trust be made to you and/or one or more other individuals for life or for a specific period. This gives you the option to support your loved ones after you are gone.

A charitable remainder trust is an excellent way to implement a supplemental retirement plan or to help your family protect intergenerational wealth from gift and estate taxes. Once your charitable remainder trust is established, let us know, and you'll enjoy the benefits of membership in the Saxifrage Society.

To learn more, please contact us.

Benefits

  • An income-tax deduction in the year of the trust's establishment equal to the remainder value of the trust designated for the University
  • A lifetime income for you and/or your family
  • The removal of contributed assets from your taxable estate
  • No capital gains tax owed on the transfer on the donated assets

Charitable Remainder Trusts can be designed to meet virtually all family financial planning goals from educating a younger person, erasing or reducing capital gains transfer tax costs and many other financial goals. The university’s professional fundraising staff has long and deep experience in every aspect of charitable planning that meet individual and family goals. Please ask, we are eager to help!