Charitable Remainder Unitrust (CRUT)
You may be concerned about the high cost of capital gains tax with the sale of an appreciated asset. Perhaps you recently sold property and are looking for a way to save on taxes this year and plan for retirement. A charitable remainder unitrust might offer the solutions you need!
Charitable Remainder Unitrust
Stock or Cash
Unitrust
Donor
WBUR
Benefits of a charitable remainder unitrust
- Receive income for life, for a term of up to 20 years or life plus a term of up to 20 years
- Avoid capital gains on the sale of your appreciated assets
- Receive an immediate charitable income tax deduction for the charitable portion of the trust
How a charitable remainder unitrust works
A charitable remainder unitrust (CRUT) is a way to make a gift to WBUR, a 501(c)(3) tax-exempt organization, licensed by Boston University and whose legal name is Trustees of Boston University.
- You transfer cash or assets to Boston University for the benefit of WBUR to fund a charitable remainder unitrust.
- In the case of a trust funded with appreciated assets, the trust will then sell the assets tax-free.
- The trust is invested to pay income for life to you or other trust beneficiaries you select (there are also options for a term of up to 20 years or a life plus a term of up to 20 years).
- You receive an income tax deduction in the year you transfer assets to the trust.
- WBUR benefits from what remains in the trust after all the trust payments have been made.
Contact us
If you have any questions about a CRUT, please contact us.
