Charitable Remainder: (Unitrust and Annuity)

The donor makes a gift to the Aventura Turnberry Jewish Center, and receives income from the gift for the rest of his or her life.  The trust assets become the property of the Aventura Turnberry Jewish Center upon the donor’s death, or in a pre-established time period.  Additional contributions can be made annually to the trust.  Income tax deductions for the donor are based upon current value of remainder interest going to the Aventura Turnberry Jewish Center. The Unitrust can be structured more flexibly than the annuity trust, because later contributions and contributions of appreciating assets will increase the income available, and could be timed to increase the payout when the donor has retired and is in a lower tax bracket. The annuity trust is similar to the “Charitable Remainder Unitrust” except that (a) the donor receives a fixed income from the gift for the rest of his or her life, (b) the income amount is based upon the original value of the trust’s assets, and (c) additional contributions cannot be made.

Download Planned Giving Brochure

    ATJC Planned Giving Contact Form