Charitable trusts blend security for your own or your family's financial future with your charitable intent for Marymount Manhattan College.
A Charitable Remainder Trust
Benefits:
Create income stream for yourself or beneficiaries of your choosing
Receive immediate income tax charitable deduction
Remove assets from your estate
Possibly eliminate capital gains if funding the trust with appreciated assets
Support Marymount Manhattan College initiatives
A charitable remainder trust will allow you to provide for income to one or more beneficiaries for a term of years or for their lifetimes. At the end of the term of the trust the remainder will pass to Marymount Manhattan College to enable MMC to carry on its educational mission which you value so dearly. A trust of this nature also provides you with favorable tax benefits. Such a trust can be written so that it pays a fixed annuity amount to your income beneficiaries or a fluctuating amount annually based on the growth of the assets. You may use cash or appreciated assets to fund a charitable remainder trust.
A Charitable Lead Trust
Benefits:
Create income stream for Marymount Manhattan College
Receive immediate income tax charitable deduction
Pass assets on to your heirs in a tax advantaged way
Support Marymount Manhattan College's annual fund or pay off a pledge
A charitable lead trust is a gift option that provides a stream of income to Marymount Manhattan College for the term of the trust. At the end of the term the remainder value is usually paid to the donor's heirs at appreciated values with favorable tax implications.
All trust documents should be drawn by your own attorney and under the advice of your financial advisors. However, for a personal evaluation of how a trust may be a beneficial way for you to make a gift to Marymount Manhattan College, please contact (212) 517-0454 or cbolt@mmm.edu.
