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Charitable Giving

Charitable remainder unitrust

A charitable remainder unitrust through Mennonite Foundation, an affiliate of Everence, is an ideal way to turn your assets, like real estate and securities, into a cash gift without losing much of your gain to taxes – and support your favorite charities at the same time. It is a particularly good gift plan option for making a donation of an asset that may take some time to sell.

Before you arrange a sale of your securities or real estate, you make a gift of the actual asset to Mennonite Foundation. We then find a buyer for your gift asset and convert it to cash, and then provide you with an income stream from your gift. You benefit substantially with a partial tax deduction in the tax year you donated the asset, while also avoiding income tax on the amount your asset has increased in value since you purchased it (unless the alternative minimum tax is involved).

With a charitable remainder unitrust, you can receive lifetime income, get an immediate tax deduction, avoid capital gains tax, and minimize estate taxes. And you get the satisfaction of knowing the charities you choose will benefit from your generosity. To learn more about how a charitable remainder unitrust works, contact your local Everence charitable services representative today.