The Charitable Remainder Annuity Trust

How Does It Work

1. Create trust agreement outlining terms of the trust (UIF can provide a specimen document)
   
   
2. Transfer cash or other property to trustee (UIF can serve as your trustee)
   
   
3. Trustee invests and manages trust assets
   
   
4. Trustee makes payments to income beneficiaries
   
   
5. Remainder to the University of Illinois Foundation for purposes you specify
   
   

Benefits

• Income to one or more beneficiaries that remains fixed for the life of the trust
  
  
• Federal income-tax deduction to lower your tax bill
  
  
• No capital-gain tax when trust property is sold
  
  
• Trust remainder will provide generous support for the purpose designated by you at the University of Illinois Foundation
  
  

The U of I Foundation gift planning staff is pleased to answer your questions and offer assistance at any time. Please contact the Foundation to learn more.

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