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Charitable Remainder Trusts

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Looking for a way to give Ohio Wesleyan University a significant gift? If you have built up a sizeable estate and are also looking for ways to receive reliable payments, you may want to check out the advantages of setting up a charitable remainder trust.

Benefits of a charitable remainder trust include:

  • A partial charitable income tax deduction
  • Potential for increased income
  • Up-front capital gains tax avoidance

There are two ways to receive payments with charitable remainder trusts:

The annuity trust pays you, each year, the same dollar amount you choose at the start. Your payments stay the same, regardless of fluctuations in trust investments.

The unitrust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. The amount of your payments is redetermined annually. If the value of the trust increases, so do your payments. If the value decreases, however, so will your payments.

Check Out This Potential Scenario

OWUSusan, 60, wants to make a gift to Ohio Wesleyan University but would also like more income in the future. Susan creates a charitable remainder unitrust with annual lifetime payments to her equal to 6 percent of the fair market value of the trust assets as revalued annually. She funds the trust with assets valued at $250,000.

Susan receives $15,000 the first year from the trust. Subsequent payment amounts vary each year depending on the annual valuations of the trust assets. She is eligible for a federal income tax charitable deduction of $81,305* in the year she creates and funds the trust. This deduction saves Susan $22,765 in her 28 percent tax bracket.

Discover why Barbara Bruce and Judith Schultz have decided to support OWU with charitable trusts.

*Based on annual payments and a 2.4 percent charitable midterm federal rate. Deductions vary based on income earned.

Learn How to Fund It

You can use the following assets to fund a charitable remainder trust:

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Discover which type of charitable trust best fits your estate plan with the FREE guide Trusts: Choose From 2 Win-Win Ways to Donate.

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Next Steps

  1. Contact Jenny Batchelder, JD at 740-368-3043 or jajoerge@owu.edu to talk about supporting Ohio Wesleyan University by setting up a charitable remainder trust.
  2. Seek the advice of your financial or legal advisor.
  3. If you include Ohio Wesleyan University in your plans, please use our legal name and federal tax ID.

Legal Name: Ohio Wesleyan University
Address: Ohio Wesleyan University Attn: Office of Gift Planning, 61 S. Sandusky St. Delaware, OH 43015
Federal Tax ID Number: 31-4379585

Contact Info

Location

University Advancement Office
Mowry Alumni Center
61 S. Sandusky Street
Delaware, OH 43015
P 740-368-3078
F 740-368-3328
E giftplanning@owu.edu

DIRECTOR INFO

Jenny Batchelder, JD
Director of Gift Planning
P  740-368-3043
F  740-368-3328
E  jajoerge@owu.edu