You can create a trust that will hold and invest property and pay you and/or other beneficiaries a specified amount each for as long as you or your beneficiaries may live. You can select the amount of your annual income payments. It must be at least 5% of the value of your gift but it could be up to 8% or 9% of your gift. Nothing will be paid to our institution until all the income rights have terminated. At that time we receive all the property held by the trustee.

Every trust is tailored for the donor.

• You can name the income beneficiaries;
• You can set the exact amount that will be paid each year;
• You can decide how long the income will be paid;
• You pick the type of asset that will be transferred to the trust (such as cash, property, closely held stock, etc.)
• You can name the trustee;
• You can name the area of the University you wish to receive this gift.

Charitable Remainder Unitrust

The charitable remainder unitrust differs from the annuity in one very important way - rather than a fixed-dollar income, the unitrust arrangement must provide for income payments that vary with the investment success of the trust. Specifically, the unitrust must direct that the trust assets be valued each year and that a specified percentage of the value be paid to the individual beneficiary or beneficiaries. If the value of the trust assets goes up, the annual payments go up. But the reverse is also true - the annual payments will decrease if the value of the trust assets decreases. One other difference: you can make additions to the unitrust, but not to an annuity trust.

Charitable Gift Annuity

The easiest way to make a tax-favored deferred charitable gift to the University of Miami is through a gift annuity program. You transfer money or securities to the University in exchange for our commitment to pay you a specified annuity for as long as you live. There's no trust agreement or other complexities... just our written promise to pay you or a designated beneficiary a specified amount for life.

> Go to Step 2