Net-Income Unitrust
A variation of the standard (fixed percentage) Charitable Remainder Unitrust.

• Payments are based on either the fixed percentage of the trust’s annual value or the net income of the trust, whichever is less.
  
  
• Permits the acceptance of illiquid assets such as real estate or closely held stock.
  
  
• Payments are deferred until assets have been liquidated and proceeds re-invested in income-producing assets.
  
  
• When the trust terminates, remaining trust principal will be available to Rush for the purpose you designated upon creation of the original trust agreement.
  
  
• Benefits can include avoidance of the capital gains tax, an immediate charitable income tax deduction for the value of the remainder interest—the anticipated future gift to Rush—and reduction in the size of your taxable estate.
  
  

Net Income Unitrust with Makeup Provision (NIMCRUT)
This variation on the standard net-income unitrust allows for a “make-up” provision as compensation for any shortfalls in income payments from prior years.

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