Charitable Remainder Unitrust

Charitable Remainder Unitrust Diagram. Description of image is listed below.

How It Works

  1. Create trust agreement stating terms of the trust; transfer cash or other property to trustee
  2. Trustee invests and manages trust assets and makes payments to income beneficiaries you designate
  3. Remainder to Monmouth for purposes you specify

Benefits

  • Payments to one or more beneficiaries, varying annually with the value of the trust
  • Federal income-tax deduction for the charitable remainder value of your interest
  • No capital-gain tax when trust is established; property is sold by the trust
  • Trust remainder will provide generous support for Monmouth

More Information

Contact Us

Gena Alcorn '88, CFRE
Assistant Vice President for Development and Legacy Giving
309-457-2427
galcorn@monmouthcollege.edu

 

Monmouth College
700 E. Broadway
Monmouth, IL 61462
Federal Tax ID Number: 37-0661228

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