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Charitable Remainder Annuity Trusts
A charitable remainder annuity trust is a separately invested and managed charitable trust that pays you, your spouse, and/or other beneficiaries a fixed annuity income for life or a term of years. You receive a charitable income tax deduction for a portion of your gift to the trust. No additional gifts are permitted. After the annuity trust terminates, the accumulated principal or "remainder interest" goes to The Latin School.
- Receive stable, predictable income (particularly appealing to older donors and income beneficiaries).
- Avoid all upfront capital gains tax on any appreciated assets you transfer to the annuity trust.
- Receive all or partly tax-free income if your annuity trust is invested for that objective.
- Reduce your estate tax liability by removing a large taxable asset.
- Make a satisfying and substantial gift to The Latin School during your lifetime.
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Example
Comparison of Benefits: Unitrust and Annuity Trust
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This example is based on a factor that changes monthly. Contact our office for a personal illustration based on the latest rates.
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Assumptions:
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> Beneficiaries aged 72 and 70
> 28% income tax bracket
> Holding $100,000 in stock with $50,000 cost basis
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Unitrust
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Annuity Trust
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Contribution
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$100,000
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$100,000
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Income Rate
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5%
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5%
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First Year's Income
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$5,000
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$5,000
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Future Income
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Variable
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$5,000/year
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Charitable Deduction*
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$43,764
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$43,367
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*Based on a Federal Discount Rate of 5%.
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More
To learn more about charitable remainder annuity trusts, E-mail us, complete the Information Request Form, or call us at (312) 582-6042 so that we can assist you.
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 Dr. Richard Davis
“Latin's superb faculty always encouraged me to give my best effort,” recalls Dr. Richard Davis '43.
Anne
joined Latin School in 1991. Prior to serving as Acting Director,
Anne served as the school’s director of development, senior development
officer, annual giving director, and as development officer for High
Jump.
Over the years, she has seen Latin renovate and expand its campus,
expand opportunities to students needing financial assistance, increase
resources for its faculty, and create exceptional community building
events. Two capital campaigns, nine scholarship dinners, eight
auctions, and multiple Annual Fund campaigns, Bazaarnivals, Roman’s
Runs, and Reunion Weekends later, she can say from experience that
Latin is blessed with extraordinary volunteers and donors, who, through
their contributions, make the school a better place.
Anne graduated from Emory University with a concentration in history
and anthropology. Anne and her husband Steve have two children:
Dena, Class of 2016, and Noah, Class of 2017.
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