Gift Planning at Yale

<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "//www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns="//www.w3.org/1999/xhtml"> <head> <title> Gift Planning at Yale </title> <meta http-equiv="Content-Type" content="text/html; charset=UTF-8" /> <meta name="keywords" content="planned giving, gift planning, donations, charitable bargain sale, income tax deduction" /> <meta name="description" content="Give an asset that may help us more than it is helping you, such as a life insurance policy whose coverage your family no longer needs, or real estate such as a second home or a parcel of undeveloped land, or even a collection of books or artwork" /> <link href="css/anylink.css" type="text/css" rel="stylesheet" /> <link href="css/base.css" type="text/css" rel="stylesheet" /> <script src="js/toolbar.js" type="text/javascript"></script> <style type="text/css"> #vgnext { display: none; } #vgitgfy { display: none !important; } #vghowworks { width: 100%; } #vgbenefits { width: 100% } #giftdiag { float: left; margin-bottom: 20px; } #giftlogo { display: none; } .giftdiagram { float: left; } #charter td { padding: 7px; } .vgslide { display: none; } .vgcalclink { display: none !important; } .giftbullets { margin-right: 7px; float: left; clear: left; margin-bottom: 15px; } #vgrelatedlinks { display: none; } .subtext { clear: none !Important; } #vghowworks h2 { margin-top: 0px; } </style> <link href="css/twoColElsRtHdr.css" rel="stylesheet" type="text/css" />  <style type="text/css">  </style> </head> <body class="twoColElsRtHdr" > <div id="container"> <div id="header"> <h1>Giving to Yale</h1>  </div> <div id="sidebar1"> <h3>Related Links</h3> <p><a href="GIFTcharitg.php">Gift Illustration</a></p> <p><a href="GIFTcharitg2.php">Complete Gift Description</a></p> <p><a href="GIFTcharitg3.php">Is This Gift Right For You?</a></p> <p><a href="cgaEX.php">Gift Example</a></p> <div class="vgcalclink"> <p><a href="calc-cga.php">Calculate Your Benefits</a></p> </div> <p><a href="GIFTcharitg-faq.php">Frequently Asked Questions</a></p> <p><a href="mailto:development.plannedgiving@yale.edu">Contact Us</a></p> <div id="close"> <p> </p> <p><a href="javascript: self.close()" class="style1">Close Window</a><br /> <br /> </p> <div align="right" style="margin-bottom:5px; padding-left:10px; padding-top:7px; text-align:left;"> <a href="javascript:ts('body',1)"><img src="images/toolbar-inc.gif" style="margin-bottom:10px;" border="0" /></a> <a href="javascript:ts('body',-1)"><img src="images/toolbar-dec.gif" style="margin-bottom:10px;" border="0" /></a> <br /> <a href="?id=print" target="_blank"><img src="images/toolbar-print.gif" style="margin-right:20px;" border="0" /></a> <a href="javascript:mailpage();"><img src="images/toolbar-send.gif" border="0" /></a> </div>  </div> </div> <div id="mainContent"> <h1>Charitable Gift Annuity: The Details</h1> <p class="subtext">You can make a gift and receive guaranteed fixed payments for life. <br /> Payments may be much higher than your return on low-earning securities or CDs. </p> <div id="vgitgfy"> <h2>Is this gift right for you?</h2> <p>A <strong>gift annuity</strong> is for you if…</p> <ul> <li>You want to make a significant gift to us and receive lifetime payments in return.</li> <li>You want to maximize the payments you receive from your planned gift — and you want to lower your income tax on those payments.</li> <li>You want the security of payment amounts that won't fluctuate during your lifetime.</li> <li>You also appreciate the safety of your payments being a general financial obligation of Yale.</li> <li>You like the idea of supplemental income you can't outlive.</li> </ul> <p>A <strong>deferred gift annuity</strong> is for you if…</p> <ul> <li>You are in high earnings years, looking for both income tax savings now and an additional source of revenue when you retire.</li> </ul> </div> <p>Of all the gifts that pay you back, the <strong>charitable gift annuity</strong> is the simplest, most affordable, and most popular. You make a gift to Yale and in return, we agree to make fixed payments to you for life. The gift agreement is a simple contract between you and Yale. Your payments become one of our general obligations, fully backed by all our assets, and will not fluctuate.</p> <p>At your death, we apply the balance of the gift annuity to the program you designated when you made your gift.</p> <h2>Gift annuities offer attractive tax benefits:</h2> <ul> <li>You will receive a federal income tax deduction for a portion of your gift, based on the full value of the assets you contribute minus the present value of the life income interest you retain. </li> <li>If you fund your charitable gift annuity with appreciated securities, naming yourself as beneficiary, <em>no <strong>capital gains tax</strong> is due on the transfer</em>. Only a portion of your capital gains will be reportable, and the tax will be spread over your annuity payments.</li> <li>Part of each annuity payment will be treated as <em><strong>tax-free</strong> return of your principal</em>. This effectively increases the yield from your annuity over your life expectancy.</li> </ul> <p>Your gift annuity can start payments once you have made your contribution (an immediate payment gift annuity), or payments can begin at a later date selected by you (a deferred payment gift annuity). Deferral entitles you to a higher annuity rate and generates a larger charitable deduction.<br /> <br /> Donors can create a series of deferred gift annuities over multiple years, jointly timed to begin making payments to supplement retirement income. Their deferred gift annuities give them a current income tax deduction, and an additional source of cash during their retirement years.</p> <h2>Planning points</h2> <ul> <li>A charitable gift annuity at Yale can be created with a gift of $10,000 or more.</li> <li>Gift annuities bring the benefits of a life income gift into reach for many donors. <ul style="margin-bottom: 0px"> <li>Your gift annuity can make payments to a maximum of two people.</li> <li>Gift annuity rates are partly determined by the age of the beneficiary.</li> </ul> </li> <li>Younger donors may find planning benefits in a deferred gift annuity.</li> </ul> <br /><br /><br /> <br /> </div> <div id="footer"> <h5>Yale University Office of Planned Giving</h5> <p>PO Box 2038, New Haven, CT 06521 | 800.445.6086 | <a href="mailto:development.plannedgiving@yale.edu">Email us </a></p> </div> </div> </body> </html>  </body></html>

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Gift Planning at Yale