February 20, 2011
New Tax Rules May Result in More Charitable Giving, Experts Say
A 92-year-old donor last month gave the Georgia Institute of Technology $500,000 to set up a charitable remainder trust. Georgia Tech will invest the money to provide an income for the man and his partner, an 82-year-old woman. When she dies, the institution gets whatever is left.
Two other Georgia Tech donors are creating similar charitable trusts that will provide assets to the institution when they die.
The new trusts are the welcome result of changes Congress made to the
This content is only for subscribers. You can gain access by purchasing a:
Print Subscription
Digital Subscription
Already have an account? Log In Now.
Get more great stories about the nonprofit world delivered to your inbox every weekday. 
