A charitable remainder trust provides you and/or another beneficiary with income for life or for a specified period of time. Thereafter the trust distributes the remaining assets to the Carnegie Institution. A trust of this kind can be tailored to meet your individual needs.

There are a number of benefits associated with charitable trusts, including:

  • The trusts are tax exempt, and they can provide an immediate charitable deduction
  • You may choose to receive a fixed percentage of the fair market value of the trust (Charitable Remainder Unitrust), or a fixed annuity (Charitable Remainder Annuity Trust)
  • You may choose to have more than one charity share the remainder
  • You may fund the trust with appreciated assets, such as stock, which can provide a significant reduction in estate and income taxes. Such gifts can be made by establishing a charitable remainder trust with a bank or other financial organization, and designating the Carnegie Institution as the charitable remainderman.