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Welcome to Wilkes University » Giving To Wilkes University » How to Give » Planned Giving » Assets to Give » A gift that allows me to retain an income
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A gift that allows me to retain an income

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Planned Gifts that Allow me to keep an income

Click on the options below for more information about each type of planned gift.

What is a Charitable Gift Annuity (CGA)?

A charitable gift annuity (CGA) is often a gift of choice when a guaranteed income is desired. A gift of cash or securities is transferred Wilkes University in exchange for a contractual life income paid monthly or quarterly.

The typical donor:
  • Needs guaranteed income for life.
  • Wants a fixed income based on the original value of assets transferred.
  • Desires to make a "present gift" for estate planning purposes.
  • Does not plan to make additional gifts to the annuity.
  • Is between the ages of 65 and 80.
     

Gifts features and benefits:

  • Income for life (fixed payments)
  • Part of the income is tax free
  • Possibility of one or two income beneficiaries
  • Guaranteed contractual agreement
  • Federal tax charitable deduction
  • Partial forgiveness of capital gain


For more information on Charitable Gift Annuities, please contact Angela Buckley at 570-408-7833 or at angela.buckley@wilkes.edu.

What is a Charitable Remainder Unitrust (CRUT)?
The most popular and flexible type of life income plan is a charitable remainder unitrust (CRUT). Cash, securities, real property, or other assets are transferred into the trust. The trustee manages the trust assets and pays you or others you choose a variable income for life or for a term of years. When the trust terminates, the remaining assets in the trust are transferred to Wilkes University.
 
The typical donor:
  • Needs income for life or a specified term of years.
  • Desires more income as the trust value increases.
  • Tolerates some investment risk to provide for growth.
  • Wants to make additional gifts to the trust.
  • Is between the ages of 55 and 80.
     
Gifts features and benefits:
  • Income for life (variable payments)
  • Available if needed during life (gift at death)
  • Assets transferred to the trust can be reinvested
  • Ability to choose the trustee (may be the donor)
  • Flexible investment possibilities for the beneficiary
  • Avoid ALL capital gains tax on any appreciated assets you donate at the time of funding.

Do you have questions or would like more information about a Charitable Remainder Unitrust? Please contact Angela Buckley at 570-408-7833 or at angela.buckley@wilkes.edu.
 
What is a Charitable Remainder Annuity Trust (CRAT)
A charitable remainder annuity trust (CRAT) is a popular type of life-income plan. Cash, securities, real property, or other assets are transferred into a trust. The trustee manages the trust assets and pays you or others you choose a fixed income for life or for a term of years. When the trust terminates, the remaining assets in the trust are transferred to Wilkes University.
 
The typical donor:
  • Needs income for life or a specified term of years.
  • Desires a fixed income based on the original value of assets transferred.
  • Does not plan to make additional gifts to the trust in the future.
  • Is between the ages of 55 and 80.
     
Gifts features and benefits:
  • Income for life (fixed payments)
  • Possibility of multiple beneficiaries
  • Assets transferred to the trust can be reinvested
  • Ability to choose the trustee (may be the donor)
  • Investment of assets is designed to balance income needs with preservation of principal
 
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