Charitable Remainder Unitrust
A charitable remainder unitrust ("unitrust") is a gift plan that allows you to provide income to yourself or others while making a generous gift to Slippery Rock University. The income may continue for the lifetimes of the beneficiaries you name, a fixed term of not more than 20 years, or a combination of the two.
As a unitrust donor, you irrevocably transfer assets, usually cash, securities, or real estate, to a trustee of your choice.
When the unitrust term ends, the unitrust's principal passes to Slippery Rock University Foundation to be used for the purpose you designate. You may add funds to your unitrust whenever you like.
Charitable Remainder Trust Benefits
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