Planned Giving
Charitable Remainder Annuity Trust: The Details
Is this gift right for you?
A charitable remainder annuity trust is for you if…
- You want to make a major gift to Indian River State College Foundation while retaining or increasing your income from the assets you contribute.
- You hold appreciated stocks or bonds and want to avoid the capital gains cost of a sale.
- You prefer the stability of a fixed income.
A charitable remainder annuity trust is a separately invested and managed charitable trust that pays you, and/or other beneficiaries, a fixed annuity for life or for a term of years (up to 20). You receive a charitable income tax deduction for a portion of the value of the assets you place in the trust. By law no additional gifts to the trust are permitted once the trust is initially funded. After the annuity trust terminates the balance or "remainder interest" goes to Indian River State College Foundation to be used as you designate.
Planning Points
With an annuity trust you can:
- Receive stable, predictable income equal to no less than 5% of the original gift.
- Avoid all upfront capital gains tax on any appreciated assets you contribute to the annuity trust.
- Receive income that may be taxed favorably.
- Reduce your estate tax liability.
Please contact us so that we can assist you through every step of the process.
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Create a Lasting Legacy
Philanthropic planning is a powerful mechanism for meeting personal estate planning objectives while making a meaningful impact on the College’s initiatives and mission. At Indian River State College, we welcome the opportunity to work with estate planners to ensure that your clients find the charitable arrangements that best meet their needs.
Estate-planning options can achieve significant tax benefits while furthering a client’s philanthropic goals:
- Gifts through a will or trust
- Charitable trusts and gift annuities
- Donation of stocks and mutual funds
If your client has already included or intends to include Indian River State College in their will or estate plan, or if you would like someone from IRSC Institutional Advancement to contact you to discuss how to support IRSC as part of their estate planning strategy, please contact us.
