| Type of Gift | Benefit to You | Benefit to Colby |
| Outright Gift | - usually fully tax-deductible, subject to limitations
| funds are available for immediate use |
| Charitable Gift Annuity | - guaranteed fixed income
- immediate tax deduction
- favorable tax treatment of annuity payments
| assures future funding of the designated purpose |
| Deferred Payment Charitable Gift Annuity |
- guaranteed fixed income
- immediate tax deduction
- payments begin on date you specify
| assures future funding of the designated purpose |
| Flexible Gift Annuity | - guaranteed fixed income
- immediate tax deduction
- payments begin within a date range you specify when you make the gift
- you need not specify a date until you want to begin receiving payments
| assures future funding of the designated purpose |
| Charitable Remainder Unitrust | - variable income that may provide hedge against future inflation
- immediate tax deduction
- avoidance of capital gains tax liability
- permits more than two income beneficiaries
- allows deferred income
| assures substantial future funding of the designated purpose
Colby could use as collateral for a loan. |
| Colby's Streamlined Charitable Remainder Trust | - variable income that may provide hedge against future inflation
- immediate tax deduction
- avoidance of capital gains tax liability
- will pay 5% of the value of trust assets each year to one or two income beneficiaries
| assures substantial future funding of the designated purpose
Colby could use as collateral for a loan. |
| Charitable Remainder Annuity Trust | - fixed income
- immediate tax deduction
- avoidance of capital gains tax liability on gifts of appreciated property
- may provide tax-free income
| assures substantial future funding of the designated purpose
Colby could use as collateral for a loan. |
| Charitable Lead Trust | - freezes value of assets contributed for gift and estate tax purposes
- passes assets along to heirs free of any additional tax
| provides steady flow of income for a periosd of years |
| Revocable Trust | - all or part of the trust is available to the donor
- may relieve donor of asset management responsibilities
| a high percentage of revocable trusts are never revoked, giving promise of future funding to Colby. |
| Will Provision | - estate tax charitable deduction
- may reduce estate and death taxes
- may increase size of estate available to heirs
| a high percentage of will provisions are never revoked, giving promise of future funding to Colby. |
| Gifts of Insurance |
| If Colby is made the owner and beneficiary of a permanent policy | - immediate tax deduction for value of the policy
- future premium payments may be deducted as gifts
| Assures substantial future funding of the designated purpose; Colby may also borrow against the policy or cash it in. |
| If the gift is a paid-up policy | - immediate tax deduction for value of the policy
| Assures substantial future funding of the designated purpose; Colby may also borrow against the policy or cash it in. |
| If Colby is the beneficiary but not the owner | - no tax deduction, but this enables you to leverage your gift substantially
- you may change the beneficiary later
- you may borrow against the policy later
| Assures substantial future funding of the designated purpose; Colby may also borrow against the policy or cash it in. |
