A trust is a legal agreement that allows you to make a significant gift to Emma Willard School while providing income from the assets you place in the trust for yourself or another person.
There are two types of charitable remainder trusts (CRTs): the unitrust, in which income fluctuates annually with the fair market value of the trust; and the annuity trust, in which income payments are fixed and determined when the gift is made. These individually managed trusts offer the following important benefits:
- Creation of a CRT entitles you to a sizable income tax deduction.
- The income from the CRT, together with your tax savings, usually produces increased spendable income.
- With gifts of appreciated property, capital gains taxes are deferred and in many cases avoided entirely.
- Donated assets are not subject to gift or estate taxes.
Most important, charitable remainder trusts allow you to make a significant gift to Emma Willard School, often larger than would otherwise be possible. For more information about this type of gift contact Joseph Hefta, development officer, at (518) 833-1831 or by email at jhefta@emmawillard.org.
