• Offering a high level of financial and estate planning flexibility, a Charitable Remainder Trust (CRT) allows the charitable beneficiary (Rush University Medical Center in Chicago) to receive the remainder interest.

• The trust may be created to become effective during life or at death. In most instances, it is permissible to name more than one charitable beneficiary in a CRT.

• You transfer property under an irrevocable trust agreement that specifies how and for how long trust income and principal are to be distributed.

• When the trust terminates, remaining trust principal will be available to Rush for the purpose you designated upon creation of the original trust agreement.

• An irrevocable trust qualifies for special tax consideration if it is in one of the following forms:
  • Charitable Remainder Unitrust (CRUT)
  • Standard Net-Income Unitrust
  • Net Income Unitrust with Makeup Provision (NIMCRUT)
  • Flip Unitrust
  • Charitable Remainder Annuity Trust (CRAT)

For additional information on Rush’s life income plans please contact Vicki Woodward at (312) 942-6954 or vicki_j_woodward@rush.edu.