Charitable Remainder Unitrust

You transfer cash, securities or other appreciated property such as real estate into a trust.
Each year, the trust pays a percentage of its value to you or to beneficiaries you name. The trust value is re-computed annually, so payments change from year to year.
When the trust terminates, the remainder passes to Franklin College.

You receive an immediate income tax deduction for a portion of your contribution to the unitrust.
The trust pays no capital gains tax when it sells the assets you have contributed to the trust.
You or your designated beneficiaries receive income for life or a term of years.
You can make additional gifts to the trust as your circumstances allow and qualify for additional tax deductions and increased trust payments.
You have the satisfaction of making a significant gift that benefits you now and Franklin College later.