Charitable Remainder Unitrust

Charitable Remainder Unitrust Diagram

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 Cornell Lab of Ornithology for purposes you specify

Benefits

  • Payments to one or more beneficiaries, varying annually with the value of the trust
  • Federal income-tax deduction for the charitable remainder value of your interest
  • No capital-gain tax when trust is established; property is sold by the trust
  • Trust remainder will provide generous support for Cornell Lab of Ornithology

More Information

Contact Us

Liz Kinast
ec63@cornell.edu
607-254-2471

Bramble Klipple
bck42@cornell.edu
607-254-1105

 

Development Office
159 Sapsucker Woods Rd.
Ithaca, NY 14850

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