Discover a Reliable Gift Option
Charitable Remainder Trusts
Looking for a way to give the University of Idaho a significant gift? If you have built up a sizeable estate and are also looking for ways to receive reliable payments, you may want to check out the advantages of setting up a charitable remainder trust with the University of Idaho.
Benefits of a charitable remainder trust include:
- A partial charitable income tax deduction
- Potential for increased income
- Up-front capital gains tax avoidance
There are two ways to receive payments with charitable remainder trusts:
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.
Like so many University of Idaho graduates, Dr. Lawrence L. "Larry" Knight and Kathryn A. "Kaye" Laven met their future spouse while students here. The 1955 graduates still have fond memories of UI icons like Boyd Martin, Donald Gustafson, J. Irving Jolley and Ruben Thielke.
Larry's undergraduate experiences reinforced his intention to go to medical school. Kaye put her education degree to work teaching while Larry attended the University of Washington Medical School. After Larry's specialty training in Colorado and Oklahoma, the pair settled in Boise, where Larry was in practice for 47 years. Even though he attended other schools, "we had no doubt about pledging our loyalty to our 'real' alma mater, the University of Idaho," Larry says.
In keeping with that pledge, in 1992 the couple created the Kathryn and Lawrence Knight Charitable Remainder Trust (CRT). Such a trust has several unique features that make it an ideal combination of life income plan and charitable gift. The gift has also helped teach and instill a sense of philanthropy in the Knights' five children.
Calculate Your Benefits
Submit a few details and see how a charitable remainder trust can benefit you.
- Seek the advice of your financial or legal advisor.
- Contact Sharon Morgan at (866) 671-7041 or firstname.lastname@example.org to discuss charitable remainder trusts.
- If you include the University of Idaho in your plans, please use this legal name and federal tax ID.
Legal Name: University of Idaho Foundation, Inc.
Address: 875 Perimeter Drive MS 3143, Moscow, ID 83844-3143
Federal Tax ID Number: 23-7098404
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.