Charitable Remainder Trusts​

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Charitable Remainder Trusts​

Overview

Receive Guaranteed Income for Life

Similar to a Charitable Gift Annuity, a Charitable Remainder Trust (CRT) provides fixed or variable payments to you and/or other beneficiaries you designate for life or for a selected number of years. The remainder is then put to use by the University as you direct.

A charitable remainder trust held at the University of Virginia:

  • May be funded with a minimum of $50,000 (cash, appreciated securities, or real estate*).
  • Can be directed to any University school or program.
  • May provide a charitable tax deduction equal to the present value of the future gift.
  • May reduce estate taxes.
  • Ensures that your specific philanthropic desires are realized during your lifetime.
  • Is an irrevocable gift benefiting the University.

*Starting in 2023, if you are at least 70 1/2 years old, you may use an IRA qualified charitable distribution to create a charitable gift annuity or charitable remainder trust. There are some nuances we will be happy to discuss with you. More information is available here.