Introducing the SPS Charitable Remainder Trust that is invested in shares of the School's Endowment

Introducing the SPS Charitable Remainder Trust that is invested in shares of the School's Endowment

Now you can share in the returns experienced by the St. Paul's School endowment. SPS has secured a private letter ruling from the IRS that allows certain trust assets to be commingled with the St. Paul's School endowment.

Guidelines:

A charitable remainder trust is a separate tax-exempt account into which you transfer your gift. St. Paul's School will serve as trustee and thus handle the investment of the trust assets as well as legal, accounting and administrative issues.

  • St. Paul's School can pay you a percentage of the trust's value as income, usually 5%. As the value of the unitrust changes, so too does your income.
  • Alternatively, the trustee can pay you a fixed payment each year, based on a percentage, usually 5%, of the funding amount of the annuity trust.
  • Gift minimums are $100,000. You can donate a wide variety of assets to a unitrust—cash, publicly traded securities, closely held stock, real estate, art, antiques, collections, or intangible assets such as royalties.

Benefits:

  • Quarterly income for you (and your spouse) for life.
  • Potential for growth of income over time.
  • Investment diversification.
  • No capital gains tax on gifts of appreciated assets.
  • Charitable income tax deduction.
  • Gift and estate tax savings.
  • Professional asset management.
  • Future support for St. Paul's School.

To find out if an SPS Endowment-invested trust is right for you, please contact Diane Heitmiller , Director of Gift Planning at dheitmiller@sps.edu or (603) 229-4875.


The material presented on this Planned Giving website is not offered as legal or tax advice.
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