Charitable Remainder Trusts

How it works

  1. You transfer cash, securities, or other property to a trust.
  2. You receive an income tax deduction and pay no capital gains tax on transfer to trust. During its term, the trust pays a fixed amount or percentage each year to you or to anyone you name.
  3. When the trust ends, its remaining principal passes to Cooper.

The trust can be tailored to meet your needs and objectives, such as generating higher income from assets you currently own, building increased retirement income, or providing financial security for your loved ones.

Your Benefits
Some of the benefits of Charitable Remainder Trusts may include:

  • Using cash, appreciated securities, or other assets to fund the Trust
  • Potentially increasing income
  • Income tax deduction for the ultimate gift to The Cooper Union
  • Reducing capital gains taxes if appreciated assets are used to fund the Trust
  • Maximum flexibility for the donor with respect to:
    • Income recipients - the donor, and/or family members or friends
    • Time period of the trust - for someone's lifetime or for a specified number of years (not exceding 20 years)
    • Level of income - donor chooses payout rate
    • Type of income - fixed or variable
    • Retirement planning
    • Providing income to others such as parents or children
    • Making a significant difference to The Cooper Union

To learn more about how a charitable remainder trust could work in your particular case, or for gift planning ideas tailored to your personal situation, please contact Donna Lippman, Director of Planned Giving, at 212.353.4172 or dlippman@cooper.edu.  There is no fee or obligation for this service.

The information contained herein is not intended as legal or tax advice.   We recommend that you consult with your attorney or financial advisor for questions concerning your individual situation.

  • Founded by inventor, industrialist and philanthropist Peter Cooper in 1859, The Cooper Union for the Advancement of Science and Art offers education in art, architecture and engineering, as well as courses in the humanities and social sciences.

  • “My feelings, my desires, my hopes, embrace humanity throughout the world,” Peter Cooper proclaimed in a speech in 1853. He looked forward to a time when, “knowledge shall cover the earth as waters cover the great deep.”

  • From its beginnings, Cooper Union was a unique institution, dedicated to founder Peter Cooper's proposition that education is the key not only to personal prosperity but to civic virtue and harmony.

  • Peter Cooper wanted his graduates to acquire the technical mastery and entrepreneurial skills, enrich their intellects and spark their creativity, and develop a sense of social justice that would translate into action.