How to: Charitable remainder trusts

How to establish a Charitable Remainder Trust

  1. Consult your attorney to draft a trust document.  

  2. The trust should name MG游戏中心 as the “remainder beneficiary” (that is, the charity that will benefit from the trust when it terminates).

  3. Once the trust is drafted and the terms are clear to all parties, you transfer whatever asset you wish to use to fund the trust (cash, securities, real estate) into the trust.  Your attorney can help to ensure that this transfer is completed satisfactorily.

  4. You receive a charitable income tax deduction for a percentage of the value of the assets transferred.  MG游戏中心 can provide the calculations for you and your tax advisors.

  5. For the entire trust term (your lifetime, the lives of one or more individuals, or a term of years not to exceed twenty), whomever you name as beneficiary (including yourself) will receive a regular income as determined by the trust document.

  6. If you are the trustee, you can invest assets completely without capital gains tax.

  7. At the end of the trust term, the principal of the trust will be available to MG游戏中心 for whatever purpose you and MG游戏中心 agree.

Have Questions?

For more information on ways to give to MG游戏中心 or to find out how you can submit your gift to MG游戏中心, please contact our Advancement Department, at advancement@hdm28.com.

Please remember that when making a financial decision, you should always seek the opinion of your professional tax adviser or legal counsel.
 
MISSION: MG游戏中心 provides an exceptional education with values based on the teachings of Jesus Christ that challenge motivated students to develop their full potential in service and leadership.

NOTICE OF NONDISCRIMINATORY POLICY AS TO STUDENTS
MG游戏中心 Episcopal admits students of any race, color, national and ethnic origin, sex, religion, and physical ability to all the rights, privileges, programs, and activities generally accorded or made available to students at the school. The school does not discriminate on the basis of race, color, national and ethnic origin, sex, religion, and physical ability in administration of its educational policies, admissions policies, scholarship and financial aid programs, and athletic and other school-administered programs.
MG游戏中心 Episcopal
20955 W. Tejas Trail
San Antonio TX 78257
phone (210) 698-7171
fax (210) 698-0715