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Make a gift that offers financial security to you and/or a loved one, and at the same time provides significant assistance to LSA through life income gifts.
Charitable Gift Annuities
A simple contract that is easy to set up, a charitable gift annuity can help you turn assets into a stable, lifetime income stream that benefits both you, as the donor, and the college. For a one-time gift of cash or securities, we agree to make fixed annual payments to you for your life or for the life of you and another person (called an “annuitant”). The amount of the fixed payment is based on the annuitant’s age at the time of the gift: the older the annuitant when the gift is made, the higher the payout rate.
Charitable gift annuities offer great opportunities to support the LSA mission while reaping the benefits of life income and a charitable deduction.
You might be surprised at how high your charitable gift annuity payment could be when compared to current interest or dividend rates. And, a portion of every payment is a return of principal and not subject to income tax. This chart (below) shows sample annuity rates.
Sample Gift Annuity Rates
|Single Life||Two Lives|
|65||5.1%||65 & 69-71||4.7%|
|70||5.6||70 & 70-71||5|
|75||6.2||76 & 76||5.6|
|80||7.3||76 & 79-80||5.8|
|85||8.3||80 & 83-84||6.5|
Note: Charitable gift annuity rates are subject to change. The rates above are based on the American Council on Gift Annuities Suggested Rates, July 2018. Please call our office for the latest rates, or for the rate for your actual age(s)
Charitable Remainder Trust
With a charitable remainder trust, you transfer assets into a special trust that is invested to generate payments for you and other beneficiaries you select. Payments can be either variable or a fixed amount. When the trust ends, the balance in the trust benefits the college. A charitable remainder trust provides tax benefits when created during your lifetime because you will receive a charitable income tax deduction for the portion of your gift to LSA that the college will ultimately receive.
A charitable remainder trust is a great option if you want to diversify your portfolio of highly appreciated securities without incurring capital gains and if you are interested in having an income stream for your own retirement or to help your loved ones with their expenses. If you would like to have the trust assets invested alongside the University Endowment Fund, a charitable remainder trust might be a good choice for you.
Our team is ready to help you explore options that will have a lasting impact on the college. For more information, call 734.615.6333 or email LSAPlannedGiving@umich.edu.