Charitable Remainder Trust

Solutions for Large Donations

If you have built a sizable estate and also are looking for ways to receive reliable payments, consider a charitable remainder trust. This type of trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create. At the end of the trust term, the balance in the trust goes to the University of Massachusetts Amherst.

These types of gifts may offer you tax benefits and the option for income. There are two ways to receive payments and each has its own 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.

An Example from UMass Amherst

Helen SymonsIn the '70s, Helen Symons '65 bought land in Nantucket. She didn't get around to putting up the cottage she'd hoped to build someday, but over time, the property significantly appreciated. When she recently decided to subdivide it and sell three of the four lots, her accountant recommended a charitable giving arrangement to offset the tax liabilities.

After years of wanting to make a significant contribution to UMass Amherst, Helen was finally able to do so by donating real estate to a charitable remainder unitrust.

The unitrust provides her with lifetime income. After her death, the principal goes to UMass Amherst to endow the Victor E. and Elizabeth Tower Symons Nursing Scholarship, named in honor of her parents.

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Next Steps

  1. Contact Joseph K. Jayne ’21MPP at 413-577-1418 or gift.planning@umass.edu to talk about supporting UMass Amherst by setting up a charitable remainder trust.
  2. Seek the advice of your financial or legal advisor.
  3. If you include UMass Amherst in your plans, please use our legal name and federal tax ID.

Legal name: University of Massachusetts Amherst
Address: 134 Hicks Way, Amherst, MA 01003-9270
Federal tax ID number: Please contact us.

Discover More

See which type of charitable trust best fits your estate plan with the FREE guide Trusts: Choose From Two Ways to Donate.

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This comprehensive estate planning kit helps you protect your family and establish your legacy. FREE!

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