Office of Planned Giving
PO Box 2008
Niagara University, NY 14109
716.286.8791
plannedgiving@niagara.edu

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Charitable Remainder Annuity Trust

Charitable Remainder Annuity Trust 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 Niagara for purposes you specify

Benefits

  • Payments to one or more beneficiaries that remains 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 Niagara

Next Steps

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