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Gift-With-Income Comparison Chart

In this Section
Glossary

 

Gift Annuity Unitrust  Annuity Trust Pooled  Fund
Gifts used to create plan

Generally cash & publicly traded securities

Cash, securities, real estate, property

Generally cash & publicly traded securities 

Cash & publicly traded securities

 Suggested minimum gift to create

 $10,000

 $25,000

$25,000 

$10,000 

 Add future gifts?

 No (easy to create another annuity)

Yes

 No

 Yes

 Suggested minimal additional gift

 $5,000

 Any amount

 N/A

$1,000 

Income tax deduction

Dependent on beneficiary age(s), IRS discount rate

Dependent on length of trust and IRS discount rate

Dependent on beneficiary age(s), Fund return rate

Income type

Fixed

Variable

 Fixed

Variable

Defer start of income? 

Yes Yes No No
Payout   percentage

Based on age(s) from ACGA rate schedule

By law, at least 5%
(generally, Clarkson trusts range between 5-6%)

Pro rata share of the income earned by the Fund

Payment  frequency

Monthly, quarterly, semiannual or annual

Quarterly

 Payments guaranteed?

 Guaranteed based on Clarkson's assets

 Guaranteed based on assets within the trust

 Guaranteed based on fund investment performance

Taxation of income

May include ordinary, capital gain and tax-free

May include ordinary, capital gain, tax-exempt and tax-free

Ordinary

Investment of funds

In accordance with NYS law

In accordance with terms of trust and law

Discretion of Clarkson in accordance with law

Investment manager

BNY Mellon Wealth Management

Income Beneficiaries

1 or 2 individuals

Donor and/or others named in trust document

Donor and/or others named in agreement

Is gift revocable?

No

No

 No

No

Potential benefits to donor

Give to Clarkson & receive income; count gift in fundraising campaigns & anniversary reunions; Roundtable recognition; join Annie Clarkson Society; generate charitable deduction; save capital gains tax; no cost to create; guaranteed, fixed income; tax-free income depending on funding asset; increase income; save estate tax

Give to Clarkson & receive income; count gift in fundraising campaigns & anniversary reunions; Roundtable recognition; join Annie Clarkson Society; generate charitable deduction; variable income; increased income; save capital gains tax; save estate tax

Give to Clarkson & receive income; count gift in fundraising campaigns & anniversary reunions; Roundtable recognition; join Annie Clarkson Society; generate charitable deduction; stable income; increase income; save capital gains tax; save estate tax 

Give to Clarkson & receive income; count gift in fundraising campaigns & anniversary reunions; Roundtable recognition; join Annie Clarkson Society; generate charitable deduction; variable income; increased income; save capital gains tax; save estate tax

Benefits to Clarkson

Clarkson can thank you now for your gift; Clarkson can plan the use of your gift with you; Clarkson can encourage others to consider similar gifts.


Request our workbook, Will a Gift-with-income Plan Work for me?

Lou Dindo '54 has created several gift annities at Clarkson.  Lou would be happy to speak with anyone confidentially about gift annuities, about the process to create one and about Clarkson's service.  Click to email Lou, or call him in Massachusetts at 978-448-2733.

Are you thinking of funding a charitable trust and would like to speak confidentially to someone who has already created a trust with Clarkson?  Tom Basso '74 would be happy to hear from you.  Click to contact Tom. 

You can read Bill Hurd's '61 articles on charitable trusts and charitable gift annuities at www.clarkson.edu/ensure.

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This web page does not provide legal or financial advice, nor is it a comprehensive review of the topic. You should consult your legal and financial advisors and Clarkson University before making or planning your gift. (rev. 10/2014)