Giving

Charitable Remainder Unitrust

Charitable Remainder Unitrust Diagram. Description of image is listed below.

How It Works

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

Benefits

  • Payments to one or more beneficiaries, varying annually with the value of the trust
  • Federal income-tax deduction for the charitable remainder value of your interest
  • No capital-gain tax when trust is established; property is sold by the trust
  • Trust remainder will provide generous support for Nichols

More Information

Contact Us

Leslie S. Garcia
Assistant Head of School for Advancement
(716) 332-5163
lgarcia@nicholsschool.org

 

Nichols School
1250 Amherst Street
Buffalo, NY 14216
Federal Tax ID Number: 16-0755808

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Nichols School is a nationally recognized college preparatory coed independent school with a 130-year history.