Gift Planning

Charitable Remainder Unitrust

Charitable Remainder Unitrust Diagram

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 Colgate for purposes you specify

Benefits

  • Payments to one or more beneficiaries that will vary 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 Colgate

More Information

Contact Us

Andrew M. Coddington
Associate Vice President, Office of Advancement
Director of Planned Giving
(315) 228-7450
acoddington@colgate.edu

Kim Manner
Department Administrator
kmanner@colgate.edu
(315) 228-7450

 

Rebecca Calvert
Associate Director of Planned Giving
(315) 228-6936
rcalvert@colgate.edu

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The discussion herein is general in nature and may not apply to all individuals. Prospective donors are urged to consult their personal tax and financial advisors concerning the specific consequences of making gifts to Colgate. We would be pleased to discuss, in confidence, ways in which you may support Colgate. These measures may also have an impact on your estate planning.

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