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Charitable Remainder Annuity Trust

MAKE A PHILANTHROPIC GIFT THAT ALSO TAKES CARE OF YOU.

Build a meaningful UCLA legacy while receiving predictable and secure income for life or a term of years.

BENEFITS

  • You, or the beneficiaries you name, receive fixed income for life or a term of years.
  • This income does not fluctuate with the market value of the trust?s assets.
  • Payments are made on a quarterly basis.
  • Establish a charitable remainder annuity trust during your lifetime or through your will or living trust to create a fixed and secure source of income for your heirs.

TAX ADVANTAGES

  • Receive an immediate charitable income tax deduction.
  • Pay no capital gains tax at the time you transfer assets to the trust (tax will be paid on the quarterly income payments).
  • A charitable remainder annuity trust is a tax-savvy approach to using highly appreciated assets to make philanthropic gifts.
  • By donating the asset, you also remove it from your taxable estate.

HOW IT WORKS

  • Establish a charitable remainder annuity trust, and make an irrevocable transfer of cash, securities or other appreciated property.
  • The trust may last for the life of the beneficiary or for a term of years (up to 20 years).
  • The transferred assets are invested or sold by the trustee.
  • Select a trustee: You or The UCLA Foundation can serve as trustee, or you may choose your own trustee.
  • The regular, taxable payments you or your beneficiaries receive are fixed and do not fluctuate with the market value of the trust?s assets.
  • Upon the termination of the trust, the remainder is distributed to The UCLA Foundation for the philanthropic purposes you have designated.

Contact Us

800-737-UCLA (8252) • giftplanning@support.ucla.edu

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UCLA's gift planning professionals are happy to provide you and your legal and financial advisors with personalized illustrations of the benefits that a charitable remainder annuity trust offers. Any information in this publication is not intended as legal, accounting, or financial advice. Please consult with your tax, legal, and financial advisors to ascertain whether this or other gift plans are in keeping with your own tax and financial needs. Conversations with the university's gift planning team are always confidential and never imply obligation.

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Read the latest news from campus: How campus units are collaborating to provide PPE for medical staff • UCLA researchers and global effort to test therapies • A summary of the "CARES Act" Congress signed into law and Gift Planning news. read more

New Tax Law Changes with the CARES Act

Congress recently passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) that includes several charitable tax provisions to encourage giving. These include:

  • A new deduction for donors who do not itemize when filing their tax returns. If you do not itemize but make a cash gift to charity, you will be allowed to take a special tax deduction, up to $300, to reduce your tax liability.
  • An increase in the deduction limit up to 100% of a donor's annual income for cash gifts (previously the deduction was capped at 60% of annual income). If you make a gift, you will be able to deduct more this year.

If you are interested in learning more about these opportunities, please contact UCLA's Gift Planning team at 800-737-8252 or at giftplanning@support.ucla.edu. Please also let us know how we can help you during this time.