VIDEO: How a charitable remainder unitrust could be a game-changer for you and your loved ones

Our boss (and Gift Planning Assistant Vice President) explains

You may have read the recent blog post by Phil Buchanan referencing the record highs our market indexes have hit this year.  These economic trends make it a great time to consider establishing a life income gift like a charitable remainder unitrust (CRUT) with Duke.

To better illustrate how a CRUT could work for you, Phil takes to the court in Cameron Indoor for this 2-minute gift illustration video.

A CRUT can be part of a smart giving strategy because you can:

  1. Make an impact on the programs and places you love at Duke
  2. Generate tax savings and an income for you and your loved ones
  3. Reduce or eliminate capital gains taxes
  4. Have assets managed by Duke, you, or your trusted advisor

In short, a CRUT is a trust that pays you and/or other designated recipients an income for life or for a specified number of years.  After that time, the balance of the trust is applied to the purposes you have designated at Duke (scholarships, Athletics, Duke Gardens, etc.).  You can establish a CRUT during your life or through your will.

Learn more about how CRUTs work and see examples by visiting our website.

Plus, you can establish a CRUT in many ways.  While most are funded with gifts of cash or appreciated stock, you may also fund a CRUT using other assets such as real estate or artwork.  

Contact our team of charitable planning experts today to see if this gift is right for you.

TAGS: Charitable Giving Strategies charitable remainder trusts

About the author

Jeremy Arkin

With more than 15 years of experience in gift planning and development, Jeremy helps alumni find ways to support Duke that complement their larger personal and financial goals. He understands the ins and outs of giving techniques that involve tax, retirement and estate planning. He also develops strategies for donating complex assets such as real estate and private business interests. When he’s not at work, Jeremy attempts to channel Ron Carter and Ray Brown while playing his double bass.