Cynthia Rosedale Legacy Society
Cynthia Rosedale, a 27-year employee of the Pasadena Senior Center, continues to make a meaningful impact on our mission because her estate provides for an annual gift to PSC in perpetuity. In 1992, Cynthia found her passion, when she brought the Senior Olympics program to Pasadena. For twenty-two years she ran that program, now known as the Pasadena Senior Games. She also established the Summer Concert Series for the Pasadena Senior Center community annually providing a variety of live music, every week during the summer months, for all to enjoy. A gift planned in her estate ensures that these programs will be funded each year in the future. More
Planned Giving
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
PSC
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 Pasadena Senior Center 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
Cynthia Rosedale Legacy Society
Your gift to PSC can make a meaningful impact on our mission. If you have included or are considering including a gift to PSC as part of your estate plan or in the form of another gift, please let us know. More