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Charitable Remainder Annuity Trust

Diagram Description

How It Works

Create trust agreement stating terms of the trust; transfer cash or other property to trustee
Trustee invests and manages trust assets and makes payments to income beneficiaries you designate
Remainder to the Prichard Committee for purposes you specify

Benefits

Payments to one or more beneficiaries that remain fixed for the life of the trust
Federal income-tax deduction for the charitable remainder value of your interest
No capital-gain tax when trust property is sold
Trust remainder will provide generous support for the Prichard Committee

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Shawn J. Lyons
Vice President and Director of Philanthropy
859-227-0987
shawn@prichardcommittee.org

The Prichard Committee for Academic Excellence
2285 Executive Drive, Suite 120
Lexington, KY 40505
Federal Tax ID#: 61-1026214

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ABOUT THE PRICHARD COMMITTEE

Since 1983, the Prichard Committee has worked to study priority issues, inform the public and policy makers about best practices and mobilize citizens, business leaders, families, students, and other stakeholders in a shared mission to move Kentucky to the top tier of all states for education excellence and for all children, from their earliest years through postsecondary education.

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