North Park University - Chicago North Park University - Chicago

Charitable Remainder Annuity Trust

Charitable Remainder Annuity Trust Diagram

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 North Park for purposes you specify

Benefits

  • Payments to one or more beneficiaries that remain fixed for the life of the trust
  • Federal income-tax deduction for the charitable remainder value of your interest
  • No capital-gain tax when trust property is sold
  • Trust remainder will provide generous support for North Park

More Information

CONTACT US

Michael D. Nevergall
Vice President for Advancement
plannedgiving@northpark.edu
(773) 244-5790

 

Office of Advancement
North Park University
3225 W. Foster Avenue, Box 6
Chicago, IL 60625

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