Support Audubon >Planned Giving

Related Links

·  Gift illustration ·  Complete gift description ·  Is this gift for you? ·  Who should trustee? ·  Additional Planning Tips ·  Gift example

« Back

Charitable Remainder Unitrusts
(Complete gift description)

Because it addresses your financial needs so well, the unitrust can free you to make a significant gift to National Audubon Society .

This individually managed trust pays its beneficiaries — you, your spouse, family members, or other individuals — income as a fixed percentage of the value of its principal, which is revalued annually. In general, here's how it works:

• The unitrust pays income for the lifetimes of the beneficiaries, for a term of up to 20 years, or for a combination of both.
• Beneficiaries receive a predetermined percentage of the value of the trust’s principal, as revalued annually.
• Excess appreciation is reinvested to maintain principal and promote growth.
• When your unitrust terminates, the remaining balance will be available to us for the purpose you designated.

What are the tax advantages of a unitrust?

• If you fund a unitrust with appreciated securities or property, no upfront capital gains tax is payable.
• You can contribute appreciated but low-yielding assets and put the entire value of your gift to work generating higher income for you.
• You also receive a charitable deduction when you create a unitrust. Your deduction will be based on the full fair market value of the assets you contribute, reduced by the present value of the assets you retained. We can generate this calculation for you.

Additional variations on the unitrust

We often help donors fund unitrusts with real property, using a "flip unitrust." Please contact us for information on this attractive option.

How do you create a Charitable Unitrust?

We can provide you with an initial draft of the unitrust agreement for review by you and your attorney. Once your trust agreement is signed, you can fund your unitrust by transferring assets to your trustee.

For more information

Email us, complete the personal illustration form, or call us at 212-979-3033 so that we can assist you through every step of the process.

Planned Giving content and Legacy Planner® copyrighted © 2010 VirtualGiving.