Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Dear Les: First, to get a wealth of links go to and "ask Jeeves" about charitable remainder unitrusts.
I'll give you a short overview about mine. I set one up with my old university (By the way the charity/institution you have in mind will be HAPPY to send you gobs of stuff on how you can donate to them!)
I donated 2,400 shares of GE, worth about $165K at the time. They will pay me 5%/year and they gave me a deduction worth $72K. This was too much for me to use up in the first year, but you can carry it forward for 5 more years (6 years total). Due to the bull market, the value of the trust is now $223,600 and the 5% has risen to $11,179/year (or, $2,794 per quarter). This yearly 5% payout will go on until I die, then the University of New Hampshire gets all the dough.
There are other ways to set it up, so that you can pass the 5% payout to an heir, but the whole point of it is that some day the institution you set up the trust with will get the dough. Check out "Ask Jeeves" and you will get more info on all the variations on the theme. Good luck.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.