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 WA for purposes you specify

Benefits

  • Payments to one or more beneficiaries, varying 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 WA

More Information

Contact Us

Jen DiFranco
Advancement Director
508.459.6931
jennifer.difranco@worcesteracademy.org

Federal Tax ID Number: 042105855

 

Worcester Academy
81 Providence Street
Worcester, MA 01604

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