Gifts That Pay You Income

Fixed Payments for Life

A charitable gift annuity allows you to gain the security of fixed, guaranteed payments for life, receive a tax deduction for a portion of your gift, and make a gift to College of the Holy Cross that you may not have thought possible.

 

How You Benefit from a Charitable Gift Annuity

  • Income for Life: An annuity is payable for life to one or two people age 65 or older, so you cannot outlive your annuity payments.
  • Eliminate Investment Risk: Your annuity payments-at a fixed amount, will remain constant regardless of market volatility.
  • Charitable Deduction: You're entitled to a current charitable income tax deduction for a portion of your gift amount.
  • Capital Gains Benefits: If your annuity is funded with appreciated stock, you avoid paying capital gains tax on some of the appreciation, and spread the remaining capital gains over your anticipated life expectancy.
  • Tax-advantaged Income: Depending on the assets used to fund the annuity, each annuity payment typically includes a tax-free return of principal, capital gain, and ordinary income.
  • Secure Payments: Your annuity payments are guaranteed by all of College of the Holy Cross's assets.

How College of the Holy Cross Benefits

At the death of your last income beneficiary, the remaining annuity assets are transferred to the the College to be used for a purpose you may designate or College of the Holy Cross's greatest need.

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Fixed Payments for Later

If you don't need income right away, you can obtain both a higher payout rate and a larger charitable deduction by establishing a deferred charitable gift annuity. A deferred gift annuity allows you to receive a guaranteed, fixed income for life that begins when you need it, and receive a tax deduction for a portion of your gift to College of the Holy Cross.

 

How You Benefit from a Flexible Gift Annuity

  • Income for Life: An annuity is payable for life to one or two people age 65 or older, so you cannot outlive your annuity payments.
  • You Control When Income Begins: Annuity payments are deferred until you choose to start them (at age 65 or older), with a minimum required deferral period of one year.
  • Charitable Deduction: You are entitled to a current charitable income tax deduction for a portion of your gift amount.
  • Capital Gains Benefits: If your annuity is funded with appreciated stock, you avoid paying capital gains tax on some of the appreciation, and spread the remaining capital gains over your anticipated life expectancy.
  • Tax-advantaged Income: Depending on the assets used to fund the annuity, each annuity payment typically consists of a tax-free return of principal, capital gain, and ordinary income.
  • Secure Payments: Your annuity payments are guaranteed by all of College of the Holy Cross's assets.

How College of the Holy Cross Benefits

At the death of your last income beneficiary, the remaining annuity assets are transferred to the the College to be used for a purpose you may designate or for the the College's greatest need.

Minimum Gift

The minimum for establishing a charitable gift annuity with College of the Holy Cross is $10,000.

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Variable Payments that can Grow

Charitable remainder trusts allow you to make a gift of cash, stock, or real estate to College of the Holy Cross, receive a tax deduction for a portion of your gift, and receive variable income from your unitrust for life.

 

How You Benefit from a Charitable Remainder Unitrust

  • The income from a unitrust can grow over time, providing you with a potential hedge against inflation.
  • You can claim a charitable income tax deduction for a portion of your gift amount.
  • If you fund your trust with stock or real estate, you also avoid paying immediate capital gains taxes on the appreciation.
  • Unitrust income is taxed at favorable rates, since it usually consists of part ordinary income and part capital gains.
  • You can structure a trust to pay income to multiple people, either for their lifetimes (if they are age 50 or older) or for a specific number of years (up to 20).

How College of the Holy Cross Benefits

When the term of the trust concludes, the remaining trust assets are transferred to College of the Holy Cross to support the the College's mission or for a purpose you designate.

Minimum Gift

Minimum gift levels may apply.

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