Charitable Remainder Unitrust
A Charitable Remainder Unitrust (CRUT) is an irrevocable tax-exempt trust that provides an income stream to you for a stated term with the remainder transferring to The Ohio University Foundation. A CRUT can be funded with cash, publicly traded securities or other marketable assets such as real property.
Charitable Remainder Unitrust
Stock or Cash
Unitrust
Donor
OU
Benefits of a charitable remainder unitrust
- Receive income for life, for a term of up to 20 years or life plus a term of up to 20 years
- Avoid capital gains tax on the sale of your appreciated assets
- Receive an immediate charitable income tax deduction for the charitable portion of the trust
- Leave a lasting legacy at OHIO
How a charitable remainder unitrust works
- Transfer cash or assets to fund your charitable remainder unitrust. We recommend a minimum of $100,000 in assets to establish a CRUT.
- You receive an income tax deduction in the year you transfer assets to the trust.
- In the case of a trust funded with appreciated assets, the trustee will then sell the assets tax-free.
- The trust is invested to pay income to you or any other trust beneficiaries you select based on a life, lives, a term of up to 20 years or a life plus a term of up to 20 years.
- The minimum payout rate on a CRUT is 5% and we can work with you to determine what might work best in your situation.
- The fair market value of the CRUT is revalued annually and your income is adjusted accordingly.
- After the term, the remainder of the trust assets are transferred to The Ohio University Foundation for your designated purpose.
Contact us
If you have any questions about a charitable remainder unitrust, please contact us. We would be happy to assist you and answer any questions you might have.