Planned Giving

Charitable Remainder Trust
A charitable remainder trust enables you to make a gift to York College, maintaining an income for life, avoid capital gains tax and receive a current income tax deduction.  Your gift of assets, such as real estate or marketable securities, may be placed in a charitable remainder trust in exchange for a lifetime income.  The donor, or someone designated by the donor, may be the beneficiary of the income stream for their lifetime or for a pre-set number of years.

After the assets are gifted into the trust they may be sold with no tax consequences and the proceeds are invested in a diversified portfolio.  A charitable remainder trust is irrevocable and may not be changed once established.  Trust beneficiaries, however, may be changed as provided in the trust agreement.

Main advantages of a charitable remainder trust

• Income stream for life
• Avoid potential capital gains taxes on appreciated assets
• Charitable income tax deduction
• Asset diversification
• Trust assets grow tax-free
• A lasting investment in York College

For assistance or questions, contact Brent Magner at 402-363-5636 or at brent.magner@york.edu.