Charitable Remainder Trust Illustration

Mrs. Smith, a retired Columbia administrator, wished to honor a faculty member with whom she had worked by endowing a fellowship fund for doctoral students working on environmental health. She owned appreciated securities valued at $189,000, for which she originally paid $24,000. Because Mrs. Smith wanted an annual income, it was recommended that she fund a charitable remainder unitrust. It yields the following benefits:

• A charitable tax deduction of $96,000 in the year she creates the gift;
• No capital gains tax on the appreciated securities;
• Annual income paid, at a 5 percent rate Mrs. Smith chose, to Mr. and Mrs. Smith for life;
• Columbia serves as trustee, managing and investing the assets without fee; and,
• An eventual gift to the Professor John Doe Endowed Fund for Doctoral Students in Environmental Health, projected to exceed $300,000.

For a personalized illustration or to receive additional information about supporting the Mailman School through a charitable remainder trust, please contact:

Office of Development and Alumni Relations
msphgive@cumc.columbia.edu