Make a significant gift to Western and receive income for life from your own separate trust. When the trust ends, the assets remaining in the trust go to WOU Foundation.
You transfer cash, securities, real estate, or other assets to a charitable remainder trust. Western can assist you in creating this trust, and often acts as its trustee. Here are the different types of charitable remainder trusts available at Western:
Charitable Lead Trust
You can transfer an asset to a charitable lead trust, which makes annual payments to WOU Foundation for a term of years. At the end of the term the remaining assets and any growth realized are passed to the donor's family. Your benefits include potential gift tax, estate tax and generation-skipping transfer tax savings.
You can set up a standard unitrust, which would pay you (or beneficiaries) a fixed percentage of the value of the trust, revalued each year. The unitrust payments fluctuate as the trust assets change in value each year, and, depending on good trust performance, can keep pace with inflation.
Standard Annuity Trust
You can set up a standard annuity trust, which would pay you (or beneficiaries) a fixed percentage of a fixed dollar amount for life. The trust works well if you want steady income.
You can create a testamentary trust through your will that allows you to provide income for your family members for their lives, with the remainder ultimately going to Western.
Good Tax News:
This guide is not intended to provide specific advice about your estate plan or to recommend a specific course of action. We suggest you consult your professional advisers before taking any action, then contact WOU's planned giving office to learn more about these giving strategies.
WOU Foundation 503-838-8281 | or e-mail: firstname.lastname@example.org