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Charitable Remainder Unitrust

A charitable remainder unitrust (CRUT) is a trust you can fund with cash or appreciated assets that provides you with income and meaningful tax benefits, while ultimately supporting the work of UNC Charlotte with the remainder. It's a flexible way to convert assets into income and create a future gift that reflects your values.

Many donors consider a unitrust when they want to reduce or avoid capital gains tax on appreciated assets, or when they are planning for retirement and looking for a tax efficient strategy. A CRUT can help you meet your financial goals today while shaping opportunities for UNC Charlotte students for years to come.

Benefits of a charitable remainder unitrust

Receive income for life, for a term of up to 20 years or life plus a term of up to 20 years, giving you flexibility to plan for retirement or other long term goals
Reduce or avoid capital gains tax when contributing appreciated assets
Receive an immediate charitable income tax deduction for the charitable portion of your gift
Create a meaningful future gift that strengthens opportunities for UNC Charlotte students

Charitable remainder unitrust video

How a charitable remainder unitrust works

You transfer cash or assets to fund a charitable remainder unitrust.
In the case of a trust funded with appreciated assets, the trust will then sell the assets tax-free, preserving more value for income and impact.
The trust is invested to pay income to you or any other trust beneficiaries you select based on a life, lives, a term of up to 20 years or a life plus a term of up to 20 years.
You receive a charitable income tax deduction in the year the trust is created.
When the trust ends, the remaining assets support UNC Charlotte, creating a meaningful legacy that strengthens opportunities for future Niners.

Other considerations

Charitable remainder unitrust for income. A charitable remainder unitrust pays you a fixed percentage of the trust's value each year. Because the trust is revalued annually, your income has the potential to increase as the trust grows. Many donors appreciate this feature because it offers the possibility of rising income over time while still supporting a cause that matters to them.
How to select the right unitrust payout. There are several payout options available, and the right choice depends on the type of asset you plan to contribute and the role you want this income to play in your financial planning. We are glad to work with you and your advisors to explore the structure that fits your goals and the impact you hope to make at UNC Charlotte.

Contact us

If you would like a personalized illustration or have questions about how a unitrust might support your plans, please contact us. You are also welcome to use the charitable remainder unitrust calculator on this page for general estimates. Our team is here to support you and help you think about the impact you hope to make at UNC Charlotte.

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Calculate Benefits

The charitable remainder unitrust calculator generates a printable presentation that shows how you can enjoy increased income with a tax-free sale plus benefit from charitable tax deduction.

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Number of Beneficiaries

One Two

Click the appropriate button for a presentation of one or two beneficiaries. Selecting one beneficiary will cause the second beneficiary and the associated name and birthdate fields to be hidden from view.

First Beneficiary

Enter the name of the person. You may use such titles as "Mr.", "Mrs.", "Dr.", "Rev.", "Jr.", "Sr.", etc. For the remainder unitrust the first person is the first income recipient or beneficiary of the agreement.

First beneficiary is required

Birthdate

Month:

Day:

Year:

Please enter a valid birthdate for the first beneficiary

Birth month of the first beneficiary is required

Birth day of the first beneficiary is required

Birth year of the first beneficiary is required

Second Beneficiary

Second beneficiary is required

Birthdate

Month:

Day:

Year:

Please enter a valid birthdate for the second beneficiary

Birth month of the second beneficiary is required

Birth day of the second beneficiary is required

Birth year of the second beneficiary is required

Income Tax Rate

Select the current federal income tax rate of the donor. This will be used to project possible income tax savings. If you are uncertain about the correct rate, you may choose one of the middle rates. For many people, this will be close to their actual income tax rate.

Property Value $

Please enter a valid property value

Property value is required

Enter the amount of cash or the fair market value (FMV) of the asset(s) used to fund the CGA. For assets such as real estate, closely-held stock and other hard to value assets, the FMV is the appraised value of the property on the date of the gift.

Cost Basis $

Please enter a valid cost basis

Cost basis is required

Enter the cost basis of the asset being used to fund the trust or annuity. If the asset is cash, the cost basis is equal to the gift amount. If it is appreciated property, the cost basis will most likely be the amount you originally paid for the property. The cost basis is used to determine the capital gains tax which will be bypassed as a result of selling the asset. If the cost basis is not known or cannot be proven, the IRS assumes the cost basis to be $0. If cash funds the gift annuity, enter the same value as "Value of Property."

Current Return

Current return percentage is required

Enter the current return or yield of the asset(s) which will be used to fund the gift agreement. For example, if the trust will be funded with public-traded stock which is currently paying a dividend of 3%, the current return yield is, in turn, 3%. If the gift is funded with vacant land or a personal residence (assuming the property is not leased), the current return would be 0%.

Trust Payout

Payout must be between 5% and 50%

Payout percentage is required

Enter the percent income payout to the donor. You must select a trust percent payout of 5% or more.

Payment Frequency

Select either monthly, quarterly, semiannual, or annual income payments to the beneficiary(ies) of the income. The choice of payment frequency does affect the amount of the charitable deduction as the more frequent the payment (i.e. monthly as opposed to annually), the smaller the donor's tax deduction.

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