Charitable Remainder Unitrust
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| The Charitable Remainder Unitrust provides for the
payment to a designated beneficiary or beneficiaries, annually or at more frequent
intervals, of an amount equal to at least 5 per cent of the value of the trust as it is
valued each year. At the death of the last life income beneficiary, or at the end of
the designated term of years, the remaining trust principal is distributed to a designated
charitable organization. |
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Example:
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| If you establish a $100,000 charitable remainder unitrust which
provides for annual payments of 8 per cent of the trust, as it is valued each year, to
your sister, the payments will vary with the value of the trust. If it appreciates to
$110,000, your sister will receive $8,800. If the value of the trust decreases to $90,000,
your sister will receive $7,200. |
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- If you would like more information about Charitable Remainder Unitrusts,
please call the Virginia College Fund at (800) 992-8063,
write us at 6002A West Broad Street, Suite 201, Richmond, Virginia 23230, or e-mail us
at thevcf@thevcf.org.
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| We look forward to hearing from you! |
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| thevcf@thevcf.org |
| Last revised on June 23, 2008. |