a trust under which a beneficiary designated by you (not the University) receives a fixed percentage of the net fair market value of the trust on an annual basis. The annual income paid to the beneficiary must be either for life or for 20 or fewer years. Unrestricted gift - a gift made to the University to be used as needed.

Unitrust refers to a trust from which a fixed percentage of the net fair market value of the trusts assets valued annually, is paid each year to a beneficiary. In these trusts, the donor transfers pro [..]