Charitable Remainder Trust

Solutions for Large Donations

If you have built a sizable estate and also are looking for ways to receive reliable payments, consider a charitable remainder trust. This type of trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create. At the end of the trust term, the balance in the trust goes to Michigan State University.

These types of gifts may offer you tax benefits and the option for income. There are two ways to receive payments and each has its own benefits:

The annuity trust pays you, each year, the same dollar amount you choose at the start. Your payments stay the same, regardless of fluctuations in trust investments.

The unitrust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. The amount of your payments is redetermined annually. If the value of the trust increases, so do your payments. If the value decreases, however, so will your payments.

Discover More

See which type of charitable trust best fits your estate plan with the FREE guide Trusts: Choose From Two Ways to Donate.

Income Today, Support for MSU in the Future

JessupMary (’60, Human Ecology) and David Jessup (’55, Agriculture and Natural Resources) decided to give back to MSU in thanks to the place where they met and all their adventures began. The David and Mary Jessup Forestry Summer Camp Endowment Fund supports an experience Dave loved as a student, and the David and Mary Jessup Dietetic Internship Scholarship defrays costs of the one-year requirement for registered dieticians.

They established three charitable remainder trusts that provide them and others income now and will benefit generations of students to come.

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Next Steps

  1. Contact MSU Office of Gift Planning at 800-232-4678 | 517-884-1000 or giftplan@msu.edu to talk about supporting MSU by setting up a charitable remainder trust.
  2. Seek the advice of your financial or legal advisor.
  3. If you include MSU in your plans, please use our legal name and federal tax ID.

Legal name: Michigan State University
Address: 535 Chestnut Road, Room 300, East Lansing, MI 48824
Federal tax ID number: 38-6005984