Charitable Remainder Annuity Trust

Charitable Remainder Annuity Trust Diagram

How It Works

  1. Create trust agreement stating terms of the trust; transfer cash or other property to trustee
  2. Trustee invests and manages trust assets and makes payments to income beneficiaries you designate
  3. Remainder to Mather Hospital for purposes you specify

Benefits

  • Payments to one or more beneficiaries that remain fixed for the life of the trust
  • Federal income-tax deduction for the charitable remainder value of your interest
  • No capital-gain tax when trust property is sold
  • Trust remainder will provide generous support for Mather Hospital

More Information

Contact Us

Nancy Uzo
VP Public Affairs
Tel: (631) 476-2723
Email: nuzo1@northwell.edu

 

Mather Hospital
75 North Country Road
Port Jefferson, NY 11777

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