Contact

Sara A. Way
Assistant Vice President for Institutional Advancement and Executive Director of the College Foundation
(315) 684-6020
waysa@morrisville.edu


Torin J. Washington
Director of Annual Giving
(315) 684-6020
washintj@morrisville.edu

Gifts by Trust

Charitable Remainder Unitrust

How It Works

  1. Create trust agreement outlining terms of the trust
  2. Transfer cash or other property to trustee
  3. Trustee invests and manages trust assets
  4. Trustee makes payments to income beneficiaries
  5. Remainder to Morrisville College Foundation for purposes you specify

Benefits

  • Income to one or more beneficiaries that will vary annually with the value of the trust
  • Federal income-tax deduction for the charitable remainder value of your gift
  • No capital-gain tax when trust property is sold
  • Trust remainder will provide generous support for Morrisville College Foundation

Charitable Remainder Annuity Trust

How It Works

  1. Create trust agreement outlining terms of the trust
  2. Transfer cash or other property to trustee
  3. Trustee invests and manages trust assets
  4. Trustee makes payments to income beneficiaries
  5. Remainder to Morrisville College Foundation for purposes you specify

Benefits

  • Income to one or more beneficiaries that remains fixed for the life of the trust
  • Federal income-tax deduction for the charitable remainder value of your gift
  • No capital-gain tax when trust property is sold
  • Trust remainder will provide generous support for Morrisville College Foundation

Charitable Lead Trust

How It Works

  1. Create trust agreement outlining terms of the trust—usually for a term of years
  2. Transfer cash or other property to trustee
  3. Trustee invests and manages trust assets
  4. Trustee makes annual payments to Morrisville College Foundation 
  5. Remainder transferred to your heirs

Benefits

  • Annual gift to Morrisville College Foundation 
  • Future gift to heirs at fraction of property's value
  • Professional management of assets during term of trust
  • No charitable deduction, but donor not taxed on annual income 

Give a gift online or contact:
Torin J. Washington
Director of Annual Giving
(315) 684-6020
washintj@morrisville.edu