Charitable Remainder Annuity Trust

Charitable Remainder Annuity Trust Diagram. Description of image is listed below.

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 Albertus Magnus College for purposes you specify

Benefits

  • Payments to one or more beneficiaries that remain fixed for the life of the trust
  • Federal income-tax deduction for the charitable remainder value of your interest
  • No capital-gain tax when trust property is sold
  • Trust remainder will provide generous support for Albertus Magnus College

More Information

Contact Us

Kierran Broatch
Assistant Vice President for Advancement
(203) 773-4476
kbroatch@albertus.edu
Federal Tax ID Number: 06-0646520

 

Albertus Magnus College
Attn: Kierran Broatch
Office of Advancement
700 Prospect Street
New Haven, CT 06511-1189

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