Charitable Remainder Trusts • Protect your family
With a charitable remainder trust, you make a planned gift to VIU and immediately receive the tax benefits. With funding from cash, securities or real estate you create a trust with VIU as the beneficiary. You receive an income from the investments from the trust which you retain for life. Upon your death, or the death of your beneficiary, the remainder of the trust is passed on to VIU.
Charitable remainder trusts offer various federal income and estate tax deductions. In addition, if appreciated assets are used to fund a charitable remainder trust, you avoid capital gains tax.
Benefits to You
- You receive a charitable tax receipt even though you have not given a direct gift.
- If your charitable receipt exceeds the standard 75% of your net income, you can carry the excess tax credit forward for up to five years.
- Although there is not a set standard amount for a charitable remainder trust, an investment of a minimum of $150,000 is often suggested.
- You can support a university priority that meets your interest, such as student aid, building projects, programs or research.
The staff of the Advancement & Alumni Relations Office will work closely and confidentially with you and your advisors to ensure your planned gift suits your financial and philanthropic needs. Please contact Julie Keenan, Director, Advancement & Alumni Relations Office, at email@example.com or at 250.740.6602.