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Charitable Remainder Annuity Trust

Charitable Remainder Annuity Trust

Charitable Remainder Annuity Trust Diagram. Description of image is listed below.

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 Fordham for purposes you specify

Benefits

  • Payments to one or more beneficiaries that remain 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 Fordham

Contact Us

Jackie Comesanas
Executive Director of Gift Planning
(212) 636-7244
jcomesanas@fordham.edu

Fordham University
45 Columbus Avenue, 8th Floor
New York, NY 10023
Tax ID number (EIN): 13-1740451

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