"Give the tree but keep the fruit."
Charitable remainder trusts are a good way to retain the income (in
many cases, increase the income) from an asset, while making a substantial
A donor irrevocably transfers property (cash, securities, real estate)
to the Union County College Foundation. The income from the property
is then paid to the donor (or anyone the donor chooses) either as
a percentage of the trust principal or a fixed dollar amount for life
or a term of years. At the beneficiary's death, the Foundation receives
This donation triggers an immediate charitable income tax deduction.
Trusts can be created during one's lifetime or by Will. This vehicle
is particularly good for the donation of long-term appreciated securities,
avoiding both capital gains taxes and estate taxes.
The Union County College Foundation will be pleased to assist potential donors to
design a planned gift. Submit the Contact Us
form or call the Foundation Office at (908) 709-7505 to confidentially
discuss your objectives.