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Charitable Remainder Unitrust

If your plans call for payments that fluctuate with the value of assets or the earnings of your trust, another option exists.

A charitable remainder unitrust offers payments each year equal to a percentage of the value of the assets as determined each year. If you wish, you can specify that an amount equal to the actual earnings be paid if that amount is less than the percentage of the trust assets specified.

It is even possible through the use of what is known as a "flip unitrust" to direct that a trust pay the lesser of the payout and the net earnings for a period of time, or until the occurrence of a specific event, before paying the full fixed percentage of the value of trust assets. This option can be especially attractive if your trust is funded with assets that are growing in value but yield little current income.

Seminary policy requires that the minimum age for current income beneficiaries is 50 and the maximum number of current income beneficiaries is 2. The minimum amount is $50,000 and will be administered by The Presbyterian Church (U.S.A.) Foundation or the trust officer of your choice. 5% is the minimum rate of return and 8% is the maximum rate of return. These figures will be reviewed annually. The minimum additional contribution is $5,000.