Gift-With-Income Comparison Chart
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|
Charitable Gift Annuity |
Charitable Remainder Unitrust | Charitable Remainder Annuity Trust | Pooled Life Income Fund |
| Gifts used to create plan |
Generally cash & publicly traded securities |
Cash, securities, real estate, property |
Generally cash & publicly traded securities |
Cash & publicly traded securities |
| Income tax deduction |
Dependent on beneficiary age(s), IRS discount rate |
Dependent on length of trust and IRS discount rate |
Dependent on beneficiary age(s), Fund return rate |
|
| Payout percentage |
Based on age(s) from ACGA rate schedule |
By law, between 5-50% |
Pro rata share of the income earned by the Fund |
|
| Fixed or variable income |
Fixed |
Variable |
Fixed |
Variable |
| Payment frequency |
Monthly, quarterly, semiannual or annual |
Quarterly |
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| Taxation of income |
May include ordinary, capital gain and tax-free |
May include ordinary, capital gain, tax-exempt and tax-free |
Ordinary |
|
| Investment of funds |
In accordance with NYS law |
In accordance with terms of trust and law |
Discretion of Clarkson in accordance with law |
|
| Investment manager |
BNY Mellon Wealth Management |
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| Beneficiaries
|
1 or 2 individuals |
Donor and/or others named in trust document |
Donor and/or others named in agreement |
|
| Is gift revocable? |
No |
No |
No |
No |
| Potential benefits to donor
|
Plan a gift to Clarkson and receive income; join the Annie Clarkson Society; generate a charitable deduction; save capital gains tax; no cost to create; guaranteed, fixed income; tax-free income depending on funding asset used; increase income; save estate tax |
Plan a gift to Clarkson and receive income; join the Annie Clarkson Society; generate a charitable deduction; variable income; increased income; save capital gains tax; save estate tax |
Plan a gift to Clarkson and receive income; join the Annie Clarkson Society; generate a charitable deduction; stable income; increased income; save capital gains tax; save estate tax |
Plan a gift to Clarkson and receive income; join the Annie Clarkson Society; generate a charitable deduction; variable income; increased income; save capital gains tax; save estate tax |
| Benefits to Clarkson |
Clarkson can thank you now for your gift; Clarkson can plan the use of your gift with you; Clarkson can encourage others to consider similar gifts. |
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This web page does not provide legal or financial advice, nor is it a comprehensive review of the topic. You should consult your legal and financial advisers and Clarkson University before making or planning your gift.