Charitable remainder annuity trusts are gift arrangements that enable you to contribute to NDSU, while providing an income for yourself and/or another beneficiary for life or a term of years.

The annuity trust pays you, and/or your designated beneficiary, a fixed annual income, based on a percentage of the initial market value of the trust. Depending on the funding assets and investments, the trust may pay you tax-free income.

When you establish an annuity trust, you can receive an immediate federal income tax deduction for a portion of your gift. Cash gifts may be deducted up to 50 percent of your adjusted gross income; gifts of appreciated property may be deducted up to 30 percent of your adjusted gross income. Any excess deduction may be carried forward for up to five additional years if necessary. With a gift of appreciated property, you can avoid the 20 percent to 28 percent capital gains tax. You also may realize significant estate tax savings.

A Foundation managed annuity trust can be established with an irrevocable gift valued at $50,000 or more. Typically, cash or publicly traded stocks and bonds are used to fund an annuity trust. Income beneficiaries must be at least 40 years old. Your trust can be invested and administered by NDSU Development Foundation at no cost to you. You can designate the future use of your gift at NDSU.

You can write to us at:

NDSU Development Foundation
PO Box 5144
Fargo, ND 58105