Gift-With-Income Comparison Chart
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Charitable Gift Annuity |
Charitable Remainder Unitrust | Charitable Remainder Annuity Trust | Pooled Life Income 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 |
| 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 |
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| Payout percentage |
Based on age(s) from ACGA rate schedule |
By law, at least 5% |
Pro rata share of the income earned by the Fund |
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Fixed or variable income |
Fixed |
Variable |
Fixed |
Variable |
| Payment frequency |
Monthly, quarterly, semiannual or annual |
Quarterly |
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Are payments guaranteed? |
Guaranteed based on Clarkson's assets |
Guaranteed based on assets within the trust |
Guaranteed based on investment performance of the fund |
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Taxation of income |
May include ordinary, capital gain and tax-free |
May include ordinary, capital gain, tax-exempt and tax-free |
Ordinary |
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May defer start of income |
Yes |
Yes |
No |
No |
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May add future gifts |
No (but very easy to create another annuity) |
Yes |
No |
Yes |
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Suggested minimum gift to create |
$10,000 |
$25,000 |
$25,000 |
$10,000 |
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Suggested minimal additional gift |
$5,000 |
Any amount |
N/A |
$1,000 |
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Investment of funds |
In accordance with NYS law |
In accordance with terms of trust and law |
Discretion of Clarkson in accordance with law |
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Investment manager |
BNY Mellon Wealth Management |
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Beneficiaries
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1 or 2 individuals |
Donor and/or others named in trust document |
Donor and/or others named in agreement |
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| Is gift revocable? |
No |
No |
No |
No |
| Potential benefits to donor
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Plan a gift to Clarkson and receive income; count gift in fundraising campaigns and anniversary reunions; join the Annie Clarkson Society; generate a charitable deduction; save capital gains tax; no cost to create; guaranteed, fixed income; tax-free income depending on funding asset used; increase income; save estate tax |
Plan a gift to Clarkson and receive income; count gift in fundraising campaigns and anniversary reunions;join the Annie Clarkson Society; generate a charitable deduction; variable income; increased income; save capital gains tax; save estate tax |
Plan a gift to Clarkson and receive income; count gift in fundraising campaigns and anniversary reunions; join the Annie Clarkson Society; generate a charitable deduction; stable income; increase income; save capital gains tax; save estate tax |
Plan a gift to Clarkson and receive income; count gift in fundraising campaigns and anniversary reunions;join the Annie Clarkson Society; generate a 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. |
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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. 10/09)