Charitable Remainder Unitrusts

As the unitrust donor, you irrevocably transfer assets, generally cash or securities, to a trustee of your choice (for example, a bank trust department or The Atlanta Animal Alliance, Inc.).

A charitable remainder unitrust is a planned gift, defined by federal tax law that can provide income to yourself or others while making a gift to The Atlanta Animal Alliance, Inc.. The income you receive can continue for the life of the beneficiaries you designated, a fixed term of no more than 20 years, or a combination of both.

During the term of the unitrust, the trustee invests the assets. Every year, the trustee distributes a fixed percentage of the current value of the unitrust, as revalued annually, to the income beneficiaries named by you. The payments must be at least 5% of the trust's yearly value and are made out of the trust income, or principal if the income is not adequate. Payments can be made annually, semiannually, or quarterly.