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| Trusts
& Annuities - Life Income Agreements |
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| Many people wish to make a substantial gift to Aquinas College, but they are unable to give away income-generating assets. They often are able to utilize one of the following planned giving options: |
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| Charitable Gift
Annuity: |
| This is a tremendous way to make a great gift to
the College. You can receive income from your gift for life, generate
a tax deduction, and the income is partially tax free up to your life expectancy (or in the case of a couple, up to your combined life expectancies!) Gift Annuity agreements are not complicated and work well for many seniors who own appreciated assets or who are looking for income and estate tax relief. |
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| Charitable Remainder
Unitrust: |
| This trust is both a planned gift and an investment
plan. You and/or your spouse place assets in the trust
and receive income for life. At your death, or the death
of the survivor, the assets left in the trust belong to Aquinas College.
The rate of return on the investment of these assets is determined and
mutually agreed upon by you and Aquinas when the trust is
created. That percentage is fixed and as the
trust increases in value, your income also increases. You are able to receive an income stream for life that may be greater than your previous yield from those assets. In addition
to lifetime income, your Aquinas College Charitable Remainder Unitrust: |
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- Is professionally
managed to meet or exceed your expectations
- Will provide you
with a sizeable charitable income tax deduction when you fund it
- Can be funded with
appreciated securities that are no longer subject to capital gains tax
when placed in the trust
- Affords the opportunity
to make a substantial gift to charity without diminishing your ability
to care for loved ones and heirs.
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| Charitable Lead
Trust: |
| Unlike the Charitable Remainder Unitrust or Annuity Trust
where the charity receives the remainder of the assets after you and/or
your spouse pass away, the Charitable Lead Trust provides the charity
with the income from the trust assets first for a number of years
specified in the trust itself. Once those years have transpired, the trust
principal goes back to your family. Creating such a trust: |
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- Reduces your taxable
estate and potential gift taxes
- Allows you to keep
assets in the family
- Provides support
for the mission of the College through the trust income payments
- Can be done during
your lifetime or through a provision in your will.
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| Please
contact Marjorie Kindel, Director of Planned Giving, at (616) 632-2821 or email her at kindemar@aquinas.edu if
you would like to learn how a planned gift can meet your life goals while
supporting Aquinas College. |
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