For many years, people have been using charitable remainder trusts to assist them in their personal, financial, tax, and philanthropic planning. It’s a singular opportunity for donors, as private individuals, to have a tax-exempt trust working for them. Most important, the charitable remainder trust is a proven, time-tested way to provide for UCLA School of Law’s future while satisfying personal and family financial needs.
A charitable remainder trust is an arrangement in which you irrevocably place money or property with a trustee, such as The UCLA Foundation, with instructions to pay income to you or other chosen beneficiaries, generally for life. The income is a fixed amount or a fixed percentage of the trust’s value. When all persons receiving the income die the property remaining, the “remainder,” passes to UCLA.