How to establish a Charitable Remainder Trust

  1. Consult your attorney to draft a trust document.  

  2. The trust should name TMI as the “remainder beneficiary” (that is, the charity that will benefit from the trust when it terminates).

  3. Once the trust is drafted and the terms are clear to all parties, you transfer whatever asset you wish to use to fund the trust (cash, securities, real estate) into the trust.  Your attorney can help to ensure that this transfer is completed satisfactorily.

  4. You receive a charitable income tax deduction for a percentage of the value of the assets transferred.  TMI can provide the calculations for you and your tax advisors.

  5. For the entire trust term (your lifetime, the lives of one or more individuals, or a term of years not to exceed twenty), whomever you name as beneficiary (including yourself) will receive a regular income as determined by the trust document.

  6. If you are the trustee, you can invest assets completely without capital gains tax.

  7. At the end of the trust term, the principal of the trust will be available to TMI for whatever purpose you and TMI agree.

Have Questions?

For more information on ways to give to TMI or to find out how you can submit your gift to TMI, please contact our Advancement Department, at advancement@tmi-sa.org.

Please remember that when making a financial decision, you should always seek the opinion of your professional tax adviser or legal counsel.
 
MISSION: TMI provides an exceptional education with values based on the teachings of Jesus Christ that challenge motivated students to develop their full potential in service and leadership.
Notice of Non-Discrimination

Based on receipt of federal financial assistance through a Paycheck Protection Program loan administered through the U.S. Small Business Administration (SBA) under the CAREs Act, the School acknowledges its obligation to prohibit discrimination, harassment, or retaliation on the basis of race, color, age, national origin, sex, citizenship status, genetic information, handicap or disability in admissions, access, employment, tuition assistance, educational policies, or other school administered student and employee programs and activities. Questions regarding the School’s compliance with the application and administration of the School’s nondiscrimination policies should be directed to Matt Duke, Chief Business Officer, (210) 564-6140, m.duke@tmi-sa.org, 20955 W. Tejas Trail, San Antonio, TX 78257, or to the U.S. Department of Education's Office for Civil Rights (OCR) or to the SBA. Please refer to the School’s SBA Non-Discrimination Compliance Policy on the School’s website for information on how to file complaints with OCR or the SBA.

This notice will remain in effect until the School has satisfied and paid off the SBA Paycheck Protection Loan.
TMI Episcopal
20955 W. Tejas Trail
San Antonio TX 78257
phone (210) 698-7171
fax (210) 698-0715