Benefits for you, your family, and your alma mater

Norm Jacox, M.B.A.’67 researched numerous options when he decided to part ways with his rental properties. He concluded that donating them to a charitable remainder trust with Puget Sound as trustee and beneficiary was the best financial decision. This allowed him to take advantage of numerous tax incentives and receive a lifetime income stream without the headache of being a landlord. “I trust the university to set up and manage these correctly,” says Norm. “It’s been really financially beneficial. No question about it. It’s really something you need to sit down and have a conversation about.”