Planned Giving
» Ways To Help
Join us for a Food for Thought Tour Read our stories of Hope and Courage Volunteer with us!
Welcome to our new website! If you are not sure where to find what you are looking for, click here to get an overview of the new layout.
Text Resize
Print This
Email This
Calculate Plan
eBrochure
Contact Us
View Video
Mobile Video Button

Sale and Unitrust

Are your appreciated assets, such as stock, bonds or real estate, producing little or no income?

If you sell your appreciated assets, you will pay a large capital gains tax. A sale and charitable remainder unitrust may be the solution to avoid capital gains tax.

Sale and Unitrust
Property
Cash To Donor From Sale
Income to Donor
Unitrust
SHFBCFL
Charity image

Benefits of a sale and unitrust

  • Receive cash from the sale. You can use this cash to purchase another residence, to save for retirement, to travel, to meet your daily needs or to meet some other financial goal
  • Receive income from the unitrust for the rest of your life and future retirement
  • Obtain an income tax deduction that may reduce your tax bill this year
  • Further the work of Second Harvest Food Bank of Central Florida with your gift

How a sale and unitrust works

  1. You establish a charitable remainder unitrust and transfer a portion of your assets to the trust.
  2. The assets are then sold. You receive cash from the sale, and the rest of the sale's proceeds are paid to the charitable unitrust.
  3. The trust will provide you with income for the rest of your life.
  4. You receive a charitable deduction this year to offset your tax on the cash proceeds that you receive from the sale.

More on sale and unitrust

When transferring a portion of your primary residence to fund a unitrust, you may apply your one-time home exclusion to reduce or eliminate capital gains tax that would otherwise be due from the sale. Your tax advisor can assist you to determine if you should utilize this strategy.

Contact us

If you have any questions about a sale and unitrust, please contact us. We would be happy to assist you and answer any questions you might have.

Print This
Email This
Calculate Plan
eBrochure
Contact Us
View Video
scriptsknown
Stay Connected
Like us on Facebook Follow us on Twitter Follow us on Instragram Add us on Google Follow us on LinkedIn Watch our videos on Youtube
Florida Associations of Food Banks member A Catalyst Kitchen Member Heart of Florida United Way A Member of Feeding America