Example of Net Income CRUT

How it works:

  • You transfer cash, securities, or other property to a trust.
  • You receive an income tax deduction and pay no capital gains tax.
    • During its term, the trust pays the lesser of it net income and a percentage of its value each year to you or to anyone you name. The trust may make up payout shortfalls in later years.
  • When the trust ends, its remaining principal passes to Whitman College.

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