Charitable Remainder Annuity Trust

Charitable Remainder Annuity Trust 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 the University of Illinois Foundation to benefit UIS for the purposes you specify

Benefits

  • Payments to one or more beneficiaries that remain fixed for the life of the trust
  • Federal income-tax deduction for the charitable remainder value of your interest
  • No capital-gain tax when trust property is sold
  • Trust remainder will provide generous support for UIS

More Information

Contact Us

Justin Seno
Associate Director of Gift Planning
Office of Gift Planning and Trust Services
University of Illinois Foundation
1305 W. Green Street, MC-386
Urbana, IL 61801
(217) 244-8273 phone
(217) 333-5577 facsimile
jtseno@uif.uillinois.edu

 

University of Illinois Foundation
1305 W. Green Street
Urbana, IL 61801

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