- You receive a sizable income tax charitable deduction
- You can avoid capital gains tax if you donate appreciated securities
- These assets are professionally managed, freeing you from investment/management worries while providing lifetime income
A charitable remainder unitrust combines the best of a donation and an investment plan. You place selected assets in a trust and receive a lifetime income for you and/or another beneficiary. At the end of these lifetimes the remainder goes to the Congregation of the Sisters of Saint Joseph of Boston.
With a unitrust you income is a set percentage of the trust’s value, predetermined annually. You have the option of having a unitrust with a net income plus make-up below the stated percentage, you receive only that amount. When performance is better, deficiencies are recouped.
This is one of the best options for supplemental retirement income.