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Charitable Remainder Trusts
Unitrusts and Annuity Trusts
If you want maximum flexibility and maximum effectiveness in your giving, consider a Charitable Remainder Trust (CRT) benefitting the Boston Athenĉum. CRT's come in two versions. A unitrust pays you and/or other beneficiaries income as a fixed percentage of value of the trust principal. The unitrust is revalued annually, and income in excess of the percentage payout is reinvested. Alternately, an annuity trust pays you and your beneficiaries a fixed income.
CRT's may pay income to multiple beneficiaries for life or a term of years. A unitrust may be structured to invest solely for growth for a term of years, an attractive way to help provide for future retirement or tuition needs while also making a substantial gift to the Boston Athenĉum. An annuity trust may hold tax-free securities and pass tax-free income through to the beneficiaries.
You, your advisor, or a financial institution may serve as the trustee of a CRT. The Boston Athenĉum can provide advice and sample forms to help you set up your trust.
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To learn more about gifts of charitable remainder trusts, Email us, complete the Information Request form, or call us at 617-720-7654 so that we can assist you.
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