Unitrusts and Annuity Trusts
If you are interested in maximum flexibility and effectiveness from your gift, consider a charitable remainder trust (CRT). A unitrust pays you and/or other beneficiaries income as a fixed percentage of the principal. The unitrust is revalued annually, and income in excess of the percentage payout is reinvested. An annuity trust pays you and your beneficiaries a fixed income.
CRT's may pay income to multiple beneficiaries, for life or a term or years. A unitrust may be structured to invest solely for growth for a term of years, an attractive way to help provide for future retirement or tuition needs while also making a substantial gift to Orange Coast College. An annuity trust may hold tax-free securities and pass tax-free income through to the beneficiaries.
You, an advisor, or a financial institution may serve as the trustee of a CRT.
Comparison of Benefits, Unitrust and Annuity Trust
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