unitrust


Also found in: Legal.

unitrust

(ˈjuːnɪˌtrʌst)
n
a charitable trust which pays the beneficiary a fixed percentage of the value of the assets each year. This value is taken as the fair market value of those assets
References in periodicals archive ?
For instance, in year one Bob and Mary will receive $70,000 from the unitrust (see Figure 16.2).
(a) a remainder interest in a qualified charitable remainder unitrust or annuity trust;
In the other, a unitrust, payments are a set percentage of the assets valued annually.
The trust grantor or a beneficiary of the trust was most likely to act as the trustee of a charitable unitrust, where they made up 31.0 percent of the trustees.
Three types of trusts that are especially useful in which the grantor retains an interest are: grantor retained income trust (GRIT), grantor retained annuity trust (GRAT), and grantor retained unitrust (GRUT).
Cash Annuity Real Estate Other * Annual or * Deferred Charitable * Real Estate * Bank Accounts Year-End Gift Annuity and CD's Gifts * Gifts "In * Flexible Deferred * Retained Life * Retirement Plan Memory of" Charitable Gift Estate Assets Annuity * Gifts "In * Pooled Income Fund * Bargain Sale * Designate AFCF Honor of" through the United Way EIN #91-1932432 * Gifts "In * Charitable * Vacation Lieu of Remainder Unitrust Time-Shares Flowers" (CRUT) * Life * Charitable * Tangible Insurance Remainder Annuity Personal Policies Trust (CRAT) Property * Bequests * Charitable Lead Trust * Securities * Charitable Gift
The gift is in the form of a charitable remainder unitrust, which allows donors to transfer assets to a foundation but to continue to receive earnings from them until their death.
In the case of a charitable remainder unitrust (CRUT) the payout may be 5% of the current value, determined annually.
Liabilities declined by approximately $1 million, principally due to the relinquishment of a Unitrust to the benefit of the Laboratory.
It purchased Unitrust Development Bank in the Philippines in September 2001.
Some examples include: Charitable Remainder Unitrust, Charitable Remainder Annuity Trust, Donor Advised Funds and Charitable Lead Trust.
Group, sought the loans from Unitrust Development Bank in Makati City in Metro Manila immediately after the group bought the bank last September, the former official said.