Charitable Remainder Unitrust

The charitable remainder unitrust is a separately created and -invested trust that offers a variable income based on the value of the trust, which is recalculated each year. You, or others you name, receive the income for life or for a term of years. At the death of the surviving beneficiary, the remaining principal in the trust goes to Whitworth, and you can designate how it should be used.

With the help of The Whitworth Foundation staff, you decide the appropriate payout rate, which must be at least 5 percent and will depend on the age of the income beneficiaries or term of years. If the value of the trust assets increases, your income increases, providing a hedge against inflation. Conversely, your income could decrease if the value of the assets declines. You may make additions to a unitrust at any time.