Capital Gains Tax Bypassed

Now with retirement on the horizon, they were looking for a way to sell their highly appreciated stock, generate income for their future and avoid paying high capital gains tax.

• Peter: "For many years we had supported the work of Utah Valley University. They sent us an e-mail that explained how we could make a gift of appreciated stock to them while bypassing potential capital gains taxes. I was thrilled to learn that after we transferred our portfolio to a charitable remainder trust, the trust would sell the stock tax-free."
• Gail: "I liked the fact that the trust would provide us with income for our retirement years. If something happened to Peter, I would still be taken care of for the remainder of my life."

Peter and Gail decided to make a gift of their appreciated stock to establish a charitable remainder unitrust. They were thrilled at the prospect of creating future income while bypassing capital gains tax and felt good knowing their gift would benefit future Wolverines.

• Peter: "When I heard that in addition to the other benefits, we would receive a charitable deduction for our gift, it was just icing on the cake! I wondered why everyone nearing retirement doesn't set up a charitable trust."

What is a charitable remainder unitrust?

A charitable remainder unitrust is a trust that can be funded with your cash or other assets that provides you with income and tax benefits and supports the work of Utah Valley University with the remainder.

Is a tax-free sale from a charitable remainder unitrust right for you?

If you own highly appreciated property, such as real estate or stocks, you could benefit from a charitable remainder unitrust. The trust will help you bypass capital gains and will provide you with a charitable income tax deduction in the year of the gift and could increase your income.

If you have questions about the benefits of a charitable remainder unitrust, please contact us. We would be happy to work with you and answer any questions that you have.

Please note: The information above is representative of a typical donor and may or may not be an actual donor to our organization. Since your unitrust benefits may be different, you may want to create a printable illustration of your benefits by using the calculator on this page.