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LIFE INCOME GIFTSLife income gifts, such as charitable gift annuities and charitable remainder trusts let you make a larger contribution now while continuing to receive income each year from your gift. These are gift options to help you meet your personal and charitable goals and ensure that you retain sufficient income for your retirement. By establishing a charitable gift annuity, you will be recognized as a member of the 1863 Society. Charitable Gift AnnuitiesA charitable gift annuity is considered the simplest and most popular method of making a deferred charitable gift. In exchange for your contribution of cash, marketable securities, or, under special circumstances, real estate, Bryant University is contractually guaranteed to pay you, and if you wish, another annuitant, a guaranteed, fixed income for life. The charitable gift annuity is an innovative yet secure investment in Bryant's future, which simultaneously benefits your own financial portfolio today. Bryant University has a history of strong fiscal management, and philanthropy from alumni and friends enables Bryant to achieve new levels of excellence to continue to develop the leaders of tomorrow. A Charitable Gift Annuity Works for YouA portion of each annuity payment is tax free, and the tax free portion is greatest when the annuity is funded with cash. The minimum age for establishing a charitable gift annuity is 55, and the minimum gift is $10,000. You are eligible to receive a charitable income tax deduction for a portion of the gift, and your estate may enjoy reduced probate costs and estate taxes. A deferred gift annuity is a variation on a gift annuity. A gift is made and the charitable organization promises in return to pay you an income stream that begins on a future date you specify. Since the payments do not begin for a period of time, the fund will grow without withdrawals until the payments begin. With more money in the fund once payments begin, the payments will be larger than with an immediate annuity. An attractive benefit of this arrangement is that it enables a donor to make a gift now and take a charitable income tax deduction now while in a high tax bracket. Income may be deferred, for instance, until after retirement, when the rate of tax will presumably be lower. A Strategic Investment for the FutureA life income gift embodies a real sharing of wealth with the University, an institution which may have helped make your own success possible. For more information, and to make the most advantageous annuity arrangement for you, contact Richard Lafleur, planned giving officer, at (401) 232-6561 or (877) 353-5667 or rlafleur@bryant.edu. The information on this site is not intended as legal, tax or investment advice. For such advice, please consult an attorney, tax professional or investment professional. |
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