Life Income Gifts

Life Income Gifts

An increasingly popular method of giving is the two basic types of charitable remainder trusts–the charitable remainder annuity trust and charitable remainder unitrust. Both can be funded through a gift of stock, cash, or other assets during a donor's lifetime or through a testamentary disposition. Both provide life income for the donor and/or a designated beneficiary(ies). The donor is allowed to claim a tax deduction for the estimated portion of the asset that will ultimately go to the foundation. The assets of the trust are available for future use by the Monticello Area Education Foundation for the purpose(s) you designate.