Trusts

Your Intention May Include:

• Increase the level of support for the College during your lifetime
• Secure a fixed and often increased income
• Create a hedge against inflation over the long term
• Reduce gift and estate taxes on assets passing to heirs

Your Gift to Roanoke:

• Name Roanoke College as beneficiary of assets in a living trust
• Create a charitable trust that pays you a set income annually
• Create a trust that pays a percentage of the trust’s assets, valued annually
• Create a trust that pays a fixed or variable income to Roanoke College for a predetermined period and then passes to your heirs

Your Benefit May Include: Control of trust for lifetime

• Immediate income tax deduction; possible estate tax savings
• Annual income for life that may have potential to increase
• Maintain ownership of property in family often with reduced gift taxes

Depending on your personal situation and your intention to support Roanoke College there are several trust vehicles which will benefit both you and the students who attend the College.

Living Trust gives you flexibility while you receive income from your assets during your lifetime and may provide asset management after your death. This type of planned gift can provide an inheritance to children and make a significant charitable gift through their estates.

Charitable Lead Trust can be established either during life or as part of an estate. The income from this trust would go directly to a Roanoke College for a specified number of years. At the end of this time period the trust then passes to a named beneficiary at a reduced taxable value. This type of arrangement may be further defined depending on whether the assets will eventually be transferred to another person as a “nongrantor” trust or whether the assets will be distributed back to the donor and subject to tax as a "grantor" trust.

If your goal is to provide an inheritance for your children, but you would also like to make a significant charitable gift to Roanoke College through your estate, a charitable lead trust may help you satisfy both objectives.

Charitable Remainder Annuity Trust allows you to irrevocably transfer money, securities or other assets to a trust that will then pay you an income for life or for a period of years. The trust may also pay an income to another beneficiary of your choice. At the death of the surviving beneficiary, the remaining principal would then go to Roanoke College.

In the right circumstances, a charitable remainder trust plan can increase your income, reduce your taxes, unlock appreciated investments, rid you of investment worries and ultimately provide very important support to Roanoke College.

For more information regarding gifts to Roanoke College through your estate plan please call George Seals ’70, Roanoke College Director of Planned Giving, at 540-375-2487, E-mail seals@roanoke.edu or call toll free 1-866-RCGive1.

These descriptions are not intended as legal, tax or investment advice. Please consult an attorney, tax professional or investment professional when preparing your estate plan.