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Charitable Remainder Unitrusts

With a charitable remainder trust, the donor makes a gift to Amherst College, receives an income tax deduction in the year of the gift, and the College provides quarterly payments to the donor and/or another beneficiary for life, or for a specified period of time.

Charitable Remainder Unitrusts

Gifts can be cash, securities, real estate, or other assets. The minimum initial gift amount is $100,000, and income beneficiaries must be at least 60 years old.

When you contribute highly appreciated assets (such as stocks or real estate) to your trust, Amherst can sell them without paying capital gains and put all of the proceeds to work for you.

Amherst College charitable trusts are usually written to payout 5% or 6% of the market value annually, in quarterly installments.

Most Amherst trusts are innvested in units of the endowment. As a result, these trusts receive the same market returns as the endowment. Donors and beneficiaries benefit from access to the investment expertise of the College's endowment managers, and receive annual income based on the trust's yearly market value.

Donors can also make additions to their trust for any amount and at any point after it is established.

Charitable Remainder Unitrusts

For more information, please contact a member of the Gift Planning department.

Information contained in this website should not be considered legal, accounting, or other professional advice. Individuals considering a planned gift to Amherst should consult with their financial advisor.

 

Gift Planning Staff

Melody Lynn Twigg
Director of Gift Planning
(413) 542-5193
mtwigg@amherst.edu

Janet Howard
Gift Planning Coordinator
(413) 542-2721
jlhoward@amherst.edu

Or write to us at:
Gift Planning
Office of Development
Amherst College
PO Box 5000
Amherst, MA 01002-5000

Or use this on-line form