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Charitable Remainder Unitrust

Support for charity—tax savings, charitable deductions, and income for you. A charitable remainder unitrust through the Mennonite Foundation is an ideal way to turn your assets like real estate and securities into a cash gift without losing much of your gain to taxes – and support Koinonia at the same time. It is a particularly good gift plan option for making a donation of an asset that may take some time to sell. The donor:

• Receives lifetime income.
• Gets an immediate tax deduction.
• Avoids capital gains tax.
• Minimizes estate taxes.

Before you arrange a sale of your securities or real estate, you make a gift of the actual asset to the Mennonite Foundation. You may give the entire asset or any percentage. The foundation finds a buyer for your gift asset and converts it to cash. We then provide you with income from your gift for the rest of your life as long as the trust generates income.

You benefit substantially with an immediate tax deduction, plus you avoid income tax on the amount your asset has increased in value since you purchased it, unless the alternative minimum tax is involved. And you get the satisfaction of knowing that Koinonia will benefit from your generosity.