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Charitable Remainder Unitrust

A Charitable Remainder Unitrust (CRUT) is an irrevocable tax-exempt trust that provides an income stream to you for a stated term with the remainder transferring to The Ohio University Foundation. A CRUT can be funded with cash, publicly traded securities or other marketable assets such as real property.

Charitable Remainder Unitrust
Stock or Cash
Unitrust
Donor
OU
Charity image

Benefits of a charitable remainder unitrust

  • Receive income for life, for a term of up to 20 years or life plus a term of up to 20 years
  • Avoid capital gains tax on the sale of your appreciated assets
  • Receive an immediate charitable income tax deduction for the charitable portion of the trust
  • Leave a lasting legacy at OHIO

How a charitable remainder unitrust works

  1. Transfer cash or assets to fund your charitable remainder unitrust. We recommend a minimum of $100,000 in assets to establish a CRUT.
  2. You receive an income tax deduction in the year you transfer assets to the trust.
  3. In the case of a trust funded with appreciated assets, the trustee will then sell the assets tax-free.
  4. The trust is invested to pay income to you or any other trust beneficiaries you select based on a life, lives, a term of up to 20 years or a life plus a term of up to 20 years.
  5. The minimum payout rate on a CRUT is 5% and we can work with you to determine what might work best in your situation.
  6. The fair market value of the CRUT is revalued annually and your income is adjusted accordingly.
  7. After the term, the remainder of the trust assets are transferred to The Ohio University Foundation for your designated purpose.

Contact us

If you have any questions about a charitable remainder unitrust, please contact us. We would be happy to assist you and answer any questions you might have.

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Kelli Kotowski

Executive Director of Gift Planning
University Advancement

McGuffey Hall
1 Ohio University
Athens, OH 45701

Kotowskk@ohio.edu
740.597.1819 office
740.707.3100 cell
800.592.3863 toll free
740.593.1432 fax

Caty Allgood

Director of Gift Planning
University Advancement

McGuffey Hall
1 Ohio University
Athens, OH 45701

allgood@ohio.edu
740.593.9968 office
440.258.6564 cell
800.592.3863 toll free
740.593.1432 fax