Charitable Remainder Trust
A Charitable Remainder Trust provides a way to establish an income for life that can increase as the investment in the Trust grows. At the end of the Trust period, the property remaining in the Trust (the “charitable remainder”) becomes the property of a charitable cause, such as Olivet. Your Charitable Remainder Trust can be designed as either an Annuity Trust, with a fixed annual payment to you, or as a Unitrust, in which you receive a fixed percentage of the value of the assets.
Benefits include:
- A gift that will make a long-term impact on Olivet’s students
- Established income for life for you, your spouse or friend
- Option of fixed or variable income from your established Trust
- Immediate tax deduction at the time the Trust is created
- Potential reductions in estate taxes
- Eligibility for Heritage Society membership
