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 Mather Hospital 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 Mather Hospital

 

Contact Us

Matthew Colson
Vice President, Foundation & External Affairs
Tel: (631) 476-2723
Email: mcolson1@northwell.edu

Mather Hospital
75 North Country Road
Port Jefferson, NY 11777

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