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How it Works
- You transfer cash, securities or other appreciated assets (including real estate) into a trust.
- The trust pays a percentage of the value of its principal, which is valued annually, to you or the beneficiaries you name. The recommended percentage is 5%.
- When the trust terminates, the remainder passes to William & Mary to be used as you have directed.
Benefits
- Receive income for life or a term of years in return for your gift.
- Receive an immediate charitable tax deduction for a portion of your contribution.
- Pay no upfront capital gains tax on appreciated assets you donate.
- You can make additional gifts to the trust as your circumstances allow for additional income and tax benefits.
Note
- Beneficiaries must be 50 or older at the time of the gift.
- The minimum gift amount is $100,000.
