Life Income Gifts
Charitable Remainder Trusts
A Charitable Remainder Trust enables donors who can consider an investment of at least $100,000 to create personalized income and tax benefits while making a generous gift to NEC for a purpose of their choosing.
A Charitable Remainder Trust offers a number of attractive benefits including:
- Income for life and/or a period of years for yourself, your spouse/partner, other family members or important people in your life.
- A variable OR guaranteed annual payment. You choose from a Charitable Remainder Unitrust (CRUT) for an annual payment that will vary based on the investment performance, or a Charitable Remainder Annuity Trust (CRAT) for a fixed annual payment. The amount of the payment must be at least 5% of the trust’s value and is negotiated so that both you and NEC will benefit from the trust over time.
- A charitable income-tax deduction for those donors who itemize deductions.
- Potential additional tax benefits including estate-tax savings and avoidance of capital-gains taxes.
- You designate how NEC will use your gift. NEC welcomes the opportunity to consult with you to determine how your legacy can best support a particular area of need.
Interested? Run a Charitable Trust sample calculation.
For More Information
If you would like a personalized profile of what your benefits from a Charitable Remainder Trust would be, please contact:
Paul T. Levinson
Planned and Major Gift Officer
New England Conservatory
290 Huntington Avenue
Boston MA 02115
(617) 585-1164
Paul.Levinson@newenglandconservatory.edu