An examination and analysis of demographic characteristics of selected charitable remainder trust donors /
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| Other Authors: | , , |
| Format: | Thesis Book |
| Language: | English |
| Published: |
1993.
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| Subjects: | |
| Online Access: | ProQuest, Abstract Link to OAKTrust copy |
| Abstract: | The objective of this research was to determine what characteristics best describe private donors to higher education who have established Charitable Remainder Unitrusts and Annuity Trusts. The study focused on the following questions: (1) What is the age, marital, and family status of male and female trust donors and/or beneficiaries?; (2) What value and type of assets are used to fund charitable remainder trusts (CRTs), and at what time of year are they established?; (3) What are the technical specifications of these trusts, and do they benefit single or multiple charitable remaindermen?; (4) Has the popularity of charitable remainder trusts as a gift vehicle changed over time, and are there geographic variances in the type, frequency, value, and timing of trusts, or in the demographics of trust donors? A questionnaire was mailed to university development professionals to collect information on trusts and trust donors. Of 452 surveys mailed, 348 (77%) responses were received, providing information on a total of 590 trusts. Conclusions of this research indicate that more than 70% of CRTs established since 1969 have been unitrusts. Almost one third of all trusts were established during the month of December, a remarkable and particularly important finding. From 1982 to 1991, the use of CRTs grew at an average annual rate of 30%. The value of assets contributed does not appear to affect the type of trust selected (or vice versa). An annuity trust is more likely to be funded with cash, while negotiable securities and real estate are more often used to fund unitrusts. The older a donor, the more likely he or she is to choose an annuity trust over a unitrust. Almost 20% of trusts established by married couples do not include both partners as income beneficiaries, and donors with children who establish annuity trusts are less likely to include their children as income beneficiaries as are those who establish unitrusts. |
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| Item Description: | Vita. "Major subject: Educational Administration." |
| Physical Description: | xi, 110 leaves : illustrations ; 28 cm |
| Bibliography: | Includes bibliographical references. |