This arrangement is an individually managed trust that may be tailored to meet your specific financial needs and can provide either a fixed or variable income for the life of the beneficiaries or for a set number of years, not to exceed 20.
The donated assets (typically cash, securities, and/or real property) are irrevocably transferred to a Trustee.
A charitable remainder annuity trust - pays income as a fixed dollar amount that remains constant for the term of the trust.
A charitable remainder unitrust - pays income that varies from year to year.
At the termination of the trust, the remaining assets pass to the Sigma Phi Epislon Educational Foundation for its general purposes or for the use you specify.
A charitable deduction for a portion of your contribution is available on your income tax return in the year you make the gift.
For more information, contact:
Matt Parrish, Director of Advancement
Sigma Phi Epsilon Educational Foundation
310 South Boulevard
Richmond, Virginia 23220
phone: (804) 510-0032
fax: (804) 359-8160