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Office of Gift Planning

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Charitable Unitrust
Trust Type
Trust Type
Click the appropriate button for a One-Life or Two-Life presentation. Selecting One Life will cause the Second Person and the associated name and age fields to be hidden from view for that run.
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Enter the name of the person. You may use such titles as "Mr.", "Mrs.", "Dr.", "Rev.", "Jr.", "Sr.", etc. For the remainder unitrust the first person is the first income recipient or beneficiary of the agreement.
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You may enter the age of the person instead of the birth date. However, if the birth date is known, click on the calendar icon and choose your birth date. Since ages are to be rounded up if the gift date is within 6 months of the next birth date, entering the birth date is the most accurate method.
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Income Tax Rate
Income Tax Rate
Select the current federal income tax rate of the donor. This will be used to project possible income tax savings. If you are not certain about the correct rate, you may choose one of the middle rates. For many people, this will be close to the actual income tax rate.
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Enter the amount of cash or the fair market value (FMV) of the asset(s) used to fund the CGA. For assets such as real estate, closely-held stock and other hard to value assets, the FMV would be the appraised value of the property on the date of the gift.
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Enter the cost basis of the asset being used to fund the trust or annuity. If the asset is cash, the cost basis is equal to the gift amount. If it is appreciated property, the cost basis will most likely be the amount you originally paid for the property. The cost basis is used to determine the capital gains tax which will be bypassed as a result of selling the asset. If the cost basis is not known or cannot be proven, the IRS assumes the cost basis to be $0. If cash funds the gift annuity, enter the same value as "Value of Property."
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Enter the current return or yield of the asset(s) which will be used to fund the gift agreement. For example, if the trust will be funded with public-traded stock which is currently paying a dividend of 3%, the current return yield is, in turn, 3%. If the gift is funded with vacant land or a personal residence (assuming the property is not leased), the current return would be 0%.
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Enter the percent income payout to the donor. You must select a trust percent payout of 5% or more.
Payment Frequency
Payment Frequency
Select either monthly, quarterly, semiannual, or annual income payments to the beneficiary(ies) of the income. The choice of payment frequency does affect the amount of the charitable deduction as the more frequent the payment (i.e. monthly as opposed to annually), the smaller the donor's tax deduction.
* Required Fields

*If you would like The University of North Carolina at Chapel Hill Foundation, Inc. to serve as trustee, the trust must abide by the following requirements. The University of North Carolina at Chapel Hill Foundation, Inc. requires a minimum funding level of $100,000 for Charitable Remainder Unitrust. All income beneficiaries of CRTs whose standard payments begin immediately must be 50 years of age or older, depending on the current market conditions and the remainder calculations at the time the CRT is funded. The maximum number of income beneficiaries is two unless the combined life expectancy of more than two beneficiaries is no more than the life expectancy of a 50 year-old. If you have charitable interests other than the University and wish for the Foundation to serve as trustee, it can do so as long as at least 51% of the remainder is irrevocably designated for the benefit of the University and/or the University's affiliated foundations.

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