Sale and Unitrust

Are your appreciated assets (such as stock, bonds, or real estate) producing little or no income?

If you sell appreciated assets, you could pay large capital gains taxes. A sale and charitable remainder unitrust may be the solution. We work with you and your legal and tax advisors to help fulfill your charitable goals while providing maximum tax benefits.

Gifts of real estate or personal property must be approved in advance by the Community Foundation's Board of Governors. Email President Bob Fockler or call him at (901) 722-0045 if you are considering such a gift.

Sale and Unitrust

Property

Unitrust

Cash Received

Income to Donor

CFGM

How a Sale and Unitrust Works

1. Give a portion of your asset.
2. When the asset is sold; you receive cash. The rest goes to fund your charitable trust.
3. The trust will provide you with income for the rest of your life.
4. Receive a charitable deduction this year to offset your tax on the sale.

Benefits May Include:

• You get the cash you need to purchase another residence, travel or meet your daily needs,
• The unitrust provides you with income for the rest of your life and future retirement,
• The unitrust deduction gives your valuable tax savings that may reduce your tax bill this year, and
• When you pass away, the remaining value in the unitrust can be transferred to your fund and will support the organizations and causes you value.