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Charitable remainder unitrusts entail irrevocable transfers of assets to a trustee (often the charitable organization itself), which administers the trust and makes the required payments.
Payments made to income beneficiaries are determined by applicable tax laws and are equal to a fixed percent of the trust's value, which is valued annually. Trusts may specify payments for the lifetime of the beneficiaries or for any period of time up to 20 years. The donor gives remainder interest to the charity.
The Foundation will act as trustee or successor trustee if named sole beneficiary of the trust.
Criteria for participation:
When the Foundation acts as the trustee:
 Initial gift of: $100,000.
Payment percentage is negotiated with each donor
and varies based on donor's needs and beneficiary's age.
Additions: Allowed if trust document includes a specific
provision for valuing additions.
Gift acceptance policies for individual additions.
Gift acceptance policies for individual types of assets apply.
When the Foundation is not the trustee:
No minimum gift amount is required to set up a trust except
as required under tax laws and regulations.
How to send gifts:
Arrange for discussions between the Foundation and donor's counsel.
Gift acknowledgment:
Fully funded unitrusts are recognized at the contribution's full value. Receipt is determined by the net current value.
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