Charitable Remainder Unitrust

Charitable Remainder Unitrust Diagram

How It Works

  1. Create trust agreement stating terms of the trust; transfer cash or other property to trustee
  2. Trustee invests and manages trust assets and makes payments to income beneficiaries you designate
  3. Remainder to NJIT for purposes you specify

Benefits

  • Payments to one or more beneficiaries that will vary annually with the value of the trust
  • Federal income-tax deduction for the charitable remainder value of your interest
  • No capital-gain tax when trust is established; property is sold by the trust
  • Trust remainder will provide generous support for NJIT

More Information

Contact Us

Monique Moore Pryor, J.D.
Assistant Vice President of Major and Planned Gifts
(973) 596-8548
monique.pryor@njit.edu

 

The New Jersey Institute of Technology
323 Dr. Martin L. King Blvd.
Newark, New Jersey 07102

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