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Penn Medicine Office of Planned Giving

Charitable Remainder Unitrust or
Annuity Trust

A charitable remainder unitrust and remainder annuity trust share many common advantages with two important distinctions. A charitable remainder unitrust pays the beneficiary a fixed percentage of the principal of the trust as it is revalued annually. This type of trust provides the donor with the flexibility to make additional gifts to the trust. In contrast, a charitable remainder annuity trust pays the beneficiary a fixed dollar amount, which is determined when the trust is established. Additional gifts to this type of trust are not permitted. Depending on your needs, you may find one trust arrangement more attractive than the other.

Charitable Remainder Unitrust

How It Works

You transfer cash, securities or other appreciated property into a trust.

The trust pays a percentage of the value of its principal, which is revalued annually, to you or your designated beneficiaries.

When the trust terminates, the remainder passes to Penn Medicine.

Benefits

  • You receive an immediate income tax deduction for a portion of your contribution to the unitrust.

  • You pay no up-front capital gains tax on appreciated assets you donate.

  • You or your designated beneficiaries receive payments for life or a term of years.

  • You can make additional gifts to the trust, as your circumstances allow, and qualify for additional tax deductions.

  • You have the satisfaction of making a significant gift that benefits you now and Penn Medicine later.

Charitable Remainder Annuity Trust

How it works

You transfer cash, securities or other appreciated property into a trust.

The trust makes fixed annual payments to you or to beneficiaries you name.

When the trust terminates, the remainder passes to PENN Medicine.

Benefits

  • You receive an immediate income tax deduction for a portion of your contribution to the annuity trust.

  • You pay no up-front capital gains tax on any appreciated assets you donate.

  • You or your designated income beneficiaries receive stable, predictable payments for life or a term of years.

  • You have the satisfaction of making a significant gift that benefits you now and PENN Medicine later.

For More Information

E-mail or call us at 215-898-9486, or complete the Request Information form. We will happily assist you through every step of the process.

Penn Medicine
Office of Planned Giving
Christine S. Ewan, J.D.
Senior Director, Planned Giving
3535 Market Street, Suite 750
Philadelphia, PA 19104-3309
215-898-9486 | Fax: 215-573-2186
E-mail: cewan@upenn.edu

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