Planned Giving through:
Charitable Trust
A charitable remainder trust enables you to make a gift to York University, 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 University