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Charitable Trusts

  • Become an integral part of Olivet’s mission and establish lifelong income for you or a loved one by establishing a Charitable Trust.
  • There are many types of Charitable Trusts available through the Olivet Nazarene University Foundation. Over the years, these different opportunities have provided many friends of Olivet a generous income, tax benefits and the satisfaction of knowing that their Charitable Trust will make a difference financially for them as well as for future Olivetians.

    Among these advantages is the opportunity to individually tailor a Trust to fulfill your specific needs. Our development officers are passionate and professional. They are ready to work with you and your advisors to find the best option for your unique situation.

    Charitable Remainder Trust  

    A Charitable Remainder Trust provides a way to establish an income for life that can increase as the investment in the Trust grows. At the end of the Trust period, the property remaining in the Trust (the “charitable remainder”) becomes the property of a charitable cause, such as Olivet. Your Charitable Remainder Trust can be designed as either an Annuity Trust, with a fixed annual payment to you, or as a Unitrust, in which you receive a fixed percentage of the value of the assets.

    Your benefits  

    • A gift that will make a long-term impact on Olivet's students 
    • Established income for life for you, your spouse or friend
    • Option of fixed or variable income from your established Trust
    • Immediate tax deduction at the time the Trust is created
    • Potential reductions in estate taxes
    • Eligibility for Heritage Society membership 

    Charitable Lead Trusts  

    A Charitable Lead Trust allows you to transfer property to family members with significantly reduced gift or estate taxes. A Charitable Lead Trust is established for a specific term by contributing an income-generating asset, often real estate. The Trust pays a fixed annual amount to Olivet Nazarene University until the end of the term. When the term expires, the Trust’s principal passes to your heirs or beneficiaries. 

    Your benefits  

    • Reduced taxes on assets left to descendants
    • Allows you to make a significant charitable gift over a period of years until primary resources are passed on
    • No estate tax is paid on the appreciation of assets designated to the Trust
    • Eligibility for Heritage Society membership 

    If you’re interested in establishing a Trust with Olivet Nazarene University, please call us at 815-939-5171 or email us at Our development staff will be happy to assist you in any way.

    We also encourage you to visit our Planned Giving Center for more information on Charitable Lead Trusts and Charitable Remainder Trusts.

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  • Explore the benefits of partnering with Olivet through a Charitable Trust.

  • Phil and Pat Meredith Photo

    Phil and Pat Meredith

    Saint Simons Island, Ga.

    Phil and Pat Meredith became acquainted with Olivet while attending Chicago First Church of the Nazarene. During the 25 years they spent in Illinois, they met a number of alumni and faculty from Olivet....More

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  • $20k

    the gift amount needed to establish an endowed scholarship.