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Charitable Trust

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A charitable trust allows you to support Longwood University while meeting your personal financial goals. With the help of your attorney and Longwood’s Institutional Advancement team, you can create a trust that provides income to you or others, offers potential tax advantages, and leaves a lasting legacy at Longwood.

Charitable Trust Options

Longwood University’s Institutional Advancement team maintains relationships with planned giving advisors from both the financial and legal sectors. Our legal counsel includes fellows of the American College of Trust and Estate Counsel (ACTEC).

We can work with your legal team to explore charitable trust structures such as:

  • Charitable Remainder Unitrust (CRUT): Provides you or your chosen beneficiaries with a variable income for life or a set term, with the remainder going to Longwood.
  • Charitable Remainder Annuity Trust (CRAT): Provides fixed annual income for life or a set term, with the remainder going to Longwood.
  • Charitable Lead Trust (CLT): Pays income to Longwood for a set period, with the remaining assets passing to your heirs or other beneficiaries.
  • Sale and Unitrust: Sell appreciated property by placing a portion in a CRUT. You receive immediate cash, avoid some capital gains taxes, and receive lifetime income from the trust.
  • Give It Twice Trust: A CRUT designed to provide income to your heirs for a set term before the remainder passes to Longwood.
    Charitable trusts can be funded with cash, appreciated securities, real estate, or other assets.

Benefits of a charitable trust:

  • Can provide income for you, your loved ones, or Longwood
  • May reduce income, capital gains, and estate taxes
  • Allows you to make a significant gift while keeping other financial goals in mind

How to establish a charitable trust for Longwood University

We recommend working with your attorney and financial advisor to determine the best trust structure for your goals. Our team can provide information, collaborate with your advisors, and ensure Longwood is included as a beneficiary according to your wishes.

Contact us

If you have any questions about establishing a charitable trust for Longwood, please contact us. We’re happy to work with you and your advisors to create a plan that meets your goals.