Two Ways to Give Back and Get Paid
December 01, 2010
You can lock in fixed income that’s immune to market fluctuations and ensure that your assets are used efficiently to benefit your community with the following gift plans:
Give and Keep on Receiving
With a charitable gift annuity, you make a donation to Lewis & Clark, which then provides you with fixed payments for life. After your lifetime, the remaining assets support our mission. Through this arrangement, you can increase your cash income and receive numerous tax advantages, such as:
- A partial income tax charitable deduction.
- Fixed payments that are partially income tax–free for your estimated life expectancy.
- Capital gains tax that, in most cases, is spread over your estimated life expectancy.
|Calculate the benefits you can receive with a charitable gift annuity.|
Entrust Your Assets to Us
Another arrangement that provides fixed income payments to you is a charitable remainder annuity trust. Here’s how it works: You use cash and other assets to fund a charitable trust and decide on the size of the lifetime payments (within IRS limits) to yourself and others you choose. The trust assets remaining at the end of the beneficiaries’ lifetimes go to Lewis & Clark. You also receive tax advantages, such as:
- An income tax charitable deduction based in part on the trust assets’ fair market value.
- Elimination of any up-front capital gains tax when you fund the trust.
|Request our free guide on how a charitable remainder annuity trust can work for you.|
Please contact Sharon Bosserman-Benson for the Undergraduate or the Graduate School at 503-768-7911, 800-753-9292, or firstname.lastname@example.org, or the Law School development office at 503-768-6901 or email@example.com with any questions you may have about these fixed income giving arrangements, and enjoy peace of mind knowing you’re helping others and yourself.
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The information in this website is not intended as legal advice. For legal advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to income tax apply to federal taxes only. Federal estate tax, state income/estate taxes or state law may impact your results.