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If you have built a sizable estate and also are looking for ways to receive reliable payments, consider a charitable remainder trust. This type of trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create. At the end of the trust term, the balance in the trust goes to the Georgia State University Foundation.
These types of gifts may offer you tax benefits and the option for income. There are two ways to receive payments and each has its own benefits:
The annuity trust pays you, each year, the same dollar amount you choose at the start. Your payments stay the same, regardless of fluctuations in trust investments.
The unitrust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. The amount of your payments is redetermined annually. If the value of the trust increases, so do your payments. If the value decreases, however, so will your payments.
The idea of real-world learning opportunities as a cornerstone of the Georgia State experience is hardly a new development. As far back as the 1960s, Ed Laird was taking classes that immersed him directly into the world of journalism.
"There were some great professors there, but the thing that impressed me the most was these were working journalists, teaching on the side, who actually wrote for the Atlanta Constitution," he says. "That was impressive, because they had real-world experience. You'd write a story for class, and if the professor liked it, he'd say, ‘Pretty good story there — why don't you take it over to the Constitution and see if they can use it?'"
Even as a first-generation college student, Ed says he felt at home. But it was the experience of another first-generation student, Jean-Francois Koly Onivogui, that truly drove home the importance of Georgia State.
Submit a few details and see how a charitable remainder trust can benefit you.
Legal name: The Georgia State University Foundation, Inc.
Address: P.O. Box 3965, Atlanta, GA 30302-3965
Federal tax ID number: 58-6033185
See which type of charitable trust best fits your estate plan with the FREE guide Trusts: Choose From Two Ways to Donate.