UNM School of Medicine

Office of Advancement and Alumni Relations
UNM School of Medicine
Fitz Hall, Room 182B
MSC 08 4720
1 University of New Mexico
Albuquerque, NM 87131

Voice (505) 272-5112
Fax (505) 272-6581

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Trusts

There are many ways to make a gift - and make a difference - for the UNM School of Medicine. Please contact the Office of Advancement and Alumni Relations for more information.

Charitable Remainder Annuity Trust

The charitable remainder annuity trust is irrevocable and provides a fixed income based on the value of the assets at the time the trust is created. Capital gains tax can be avoided or postponed when the trust is created, and an income tax deduction is available for a portion of the property value. There can also be estate tax benefits.

The typical donor:

  • needs income for life or for a specified term of years
  • has beneficiaries who prefer a fixed payment
  • has giving ability of $100,000 or more
  • seeks security of a fixed payment
  • has property that has grown substantially in value

The trust features include:

  • a fixed income for life
  • generally one or two beneficiaries
  • a high minimum, often as high as $100,000
  • funding by cash or highly appreciated securities or real estate
  • a separately invested trust
  • flexible, specific investment possibilities

Charitable Remainder Unitrust

The charitable remainder unitrust is also an irrevocable trust but provides fluctuating income based on a fixed percentage of the annual value of the trust. Capital gains tax can also be avoided or postponed when the trust is created, and an income tax deduction is available for a portion of the value of the property.

The typical donor:

  • needs income for life or a specified term of years
  • needs to see income rise as the value of the trust increases
  • tolerates some risk in investment portfolio to provide for growth
  • makes small, often repeat gifts
  • tends to be 60 to 75 years old
  • seeks moderate income tax deduction
  • has property that has grown substantially in value

The trust features include:

  • variable income for life
  • possibility of multiple beneficiaries
  • high minimum, such as $100,000
  • funding by cash or highly appreciated securities or real estate
  • flexible investment possibilities for the beneficiary

Charitable Lead Trust

The charitable lead trust allows the donor to provide an institution with income for a period of time determined by the donor (5, 10, 15, 25 years or more). The assets are then given to one or more beneficiaries who receive the remainder trust. It can be possible to transfer assets to heirs with little or no estate and gift taxes due.

The typical donor:

  • has substantial holdings and no need for more income
  • wants to pass assets intact to heirs
  • wants to minimize transfer taxes
  • has used a lifetime exclusion
  • tends to be entrepreneurial (the family business may be the funding asset)
  • has substantial giving ability
  • holds assets that are expected to appreciate

The trust features include:

  • income to the institution, corpus to heirs
  • arrangement for assets to pass intact to heirs
  • an appeal to people with substantial wealth
  • a deduction applied against gift or estate taxes