Net Income Charitable Remainder Trust (NIMCRUT)

This variation of a unitrust provides that either the specified fixed percentage of the trust assets or the net income of the trust is distributed to the beneficiary, whichever is less.

This type of trust is often used to handle real estate as there is no fixed distribution requirement. The trustee then has time to arrange an orderly sale of the property.

A net income charitable remainder unitrust can be an excellent way to donate appreciated property and turn it into an income stream as well as acquire tax benefits A donor may also add a "makeup provision" to the trust. This allows a trust to distribute more than the fixed percentage of the assets in years where the trust's income exceeded the fixed percentage. In this manner, previous years shortages, when the trust was not able to earn the fixed percentage payment, may be made up.

For more information or a confidential discussion of your charitable options, please email or call the Development Director, John McArdle, at (541) 917-4210 or Jim Birken, Planned Giving Manager, at (541) 917-4254.

We Look Forward to Hearing From You!

LBCC Foundation
Calapooia Center Building, room CC-105
6500 SW Pacific Blvd.
Albany, OR 97321
Federal Tax ID#: 23-7212073
Phone: (541) 917-4209
Fax: (541) 917-4405
E-mail: foundation@linnbenton.edu

Please note, individual financial circumstances will vary. The information on this site does not constitute legal or tax advice. Donor stories and photographs are for purposes of illustration only. As with all tax and estate planning, please consult your attorney or estate specialist. All material is copyrighted and is for viewing purposes only. Use of this site signifies your agreement with the terms of use.