Eleanor Rosser Established a Charitable Trust
Longtime Phoenix resident Eleanor Rosser established a Charitable Remainder Unitrust in 1995 with $153,622. The payout rate was set at 6%. She was able to take a charitable income tax deduction of $88,558 that year, taking into account the initial contribution, her age, the payout rate and the applicable federal rate at the time the Unitrust was created. Over the next 10 years, Eleanor made additional contributions to the Unitrust, providing her with additional tax deductions year after year while enjoying an income stream from the Unitrust.
Her regular gifts combined with positive investment returns helped the assets in the Unitrust grow to a balance of $778,840 upon her passing in 2004. That amount was added to a field of interest fund that Eleanor created at the Arizona Community Foundation in 2001, the Eleanor B. Rosser Designated Fund. Each year, this fund distributes grants in the three areas that Eleanor specified before her death, leaving a lasting legacy of caring in her name for several Arizona organizations.