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Testamentary Charitable Remainder Unitrust - Help Family and Charity

A Testamentary Charitable Remainder Unitrust is a popular option that allows you to transfer your IRA or other assets at death to fund a term of years charitable remainder unitrust. This trust can be used to pay income first to your family for a number of years and then distribute the balance of the trust to The Ohio University Foundation.

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Benefits of a testamentary charitable remainder unitrust

  • Use the full value of your unused retirement account to provide income to your surviving spouse and/or children or other loved ones for a specified period of time
  • Create an estate tax deduction and savings from the charitable gift
  • Support the mission of The Ohio University Foundation

How a testamentary charitable remainder unitrust works

  1. Create a testamentary charitable remainder unitrust.
  2. Complete an IRA or other retirement account beneficiary designation form, naming the charitable remainder unitrust as the beneficiary, and return the form to the account custodian.
  3. When you pass away, the custodian will transfer your retirement account to the charitable remainder unitrust.
  4. The charitable remainder unitrust will pay income to your spouse, children or other individual beneficiaries for their life, term of years or life plus term of years.
  5. At the conclusion of the payments, the balance of the trust will be transferred to The Ohio University Foundation for your designated purpose.

Contact us

If you have any questions about a testamentary 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