When you create a charitable remainder trust, you irrevocably transfer money, securities, or other assets to a trust that will then pay you an income for life, or for a period of years. Highly appreciated assets that generate low current income are an ideal funding medium because they can be sold and reinvested with a charitable remainder trust with no tax consequences. If you wish, the trust can also pay an income to another beneficiary of your choice. At the death of the last beneficiary, the remaining principal in the trust goes to Boston College.

A charitable remainder trust is a good gift plan for you if you have appreciated assets and are looking for a way to supplement your income. Charitable trusts can be set up to pay either set annuities or variable amounts, depending on your goals and needs and those of Boston College.

Charitable remainder trusts at Boston College can be established with gifts of $100,000 or more. Charitable remainder trusts typically pay out between five and seven percent to the named beneficiaries for their lifetimes or a set number of years.

Charitable trusts can be structured in a variety of ways to suit your particular situation. Please contact the Office of Gift Planning for further details.

Summary of benefits:

• Satisfaction in supporting an area of Boston College that is important to you.
• Lifetime income (variable or fixed) for beneficiaries whom you designate.
• An immediate charitable income tax deduction.
• Avoidance of capital gains taxes on gifts of long-term appreciated property.
• Reduction in federal estate taxes.
• Membership in the Shaw Society.

For more information, please contact the Office of Gift Planning.

The information on this site is not intended as legal, tax, or investment advice. For such advice, please consult an attorney or a tax or investment professional.