Receiving lifetime income: charitable gift annuity
A charitable gift annuity is a simple and easy way to make a gift to create your legacy at Lynn University.
How it works:
- You make a gift of cash, securities or stock to Lynn University.
- Lynn University invests the assets and pays fixed annual payments to you for life – typically at a higher rate of return than CDs or other fixed-income investments.
- You’ll enjoy guaranteed payments and numerous tax advantages.
- Upon the death of the last beneficiary, the remaining funds benefit Lynn University.
Benefitting Lynn, protecting an inheritance: charitable lead trust
Establishing a charitable lead trust is simple.
You transfer assets such as cash, publicly traded securities, closely-held stock, bonds, income-producing real estate or a combination of these to a trust held by a trust company. In effect, you are “lending” the assets to Lynn University for the term of the trust.
A trust company or the donor may be trustee or co-trustee. The trust pays an income to Lynn University for a specified term of years. After this time, the assets of the lead trust pass to heirs, typically children or grandchildren. The assets can be transferred to them outright or remain in trust for their benefit.
The charitable lead trust can provide a number of attractive benefits:
A charitable gift tax deduction for the present value of the annual payments to Lynn University
This deduction can reduce or eliminate gift taxes on the transfer of wealth to children or grandchildren.
All future appreciation can be channeled to heirs with no additional gift or estate tax.
An ideal asset for funding a lead trust is property likely to appreciate in the future.