A Charitable Remainder Trust (CRT) allows you to receive income for life (or a set period) while ensuring that the remaining assets support Brockport’s mission for future generations. Choose the CRT that best fits your financial goals:
Charitable Remainder Annuity Trust (CRAT)
- Provides a fixed income stream based on the initial value of your assets.
- Payments remain consistent over time, offering stability.
Charitable Remainder Unitrust (CRUT)
- Generates a variable income stream, recalculated annually based on the trust’s value.
- If assets appreciate, income payments increase over time.
How it works:
- Transfer assets (cash, stocks, or real estate) into a trust managed by a trustee.
- Receive income payments for life or a set term.
- Support Brockport with the remaining assets at the end of the trust term.
- Enjoy tax advantages, including an immediate income tax deduction and potential capital gains tax savings.