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Gift annuities and trusts provide tax benefits and income for the donor, while helping him/her to achieve philanthropic goals. The White House Historical Association welcomes these types of gifts. The most popular life income gifts are described below.

Charitable Gift Annuity

  • Irrevocable gift of at least $10,000
  • Association pays annual fixed income for life based on the age of the annuitant
  • Remainder of the gift is available to the Association upon the annuitant’s death
  • Established with cash or securities
  • No administration fee
  • Immediate tax deduction
  • Capital gains tax deferred for securities
  • Backed by unrestricted assets of the Association

Charitable Remainder Trust

  • Held in a managed trust and income used for beneficiaries
  • Principal becomes property of the Association at termination of the trust
  • Financial purpose can be tailored to donors needs
  • Tax deduction upon creation of trust

Charitable Remainder Unitrust

  • Beneficiary payments may vary with changes in principal
  • Additions to principal may be made

Charitable Remainder Annuity Trust

  • Trust pays fixed amount of income each year
  • No additional contributions may be made to trust

Charitable Lead Trust

  • Created by transfer of property to a trust during lifetime or through a will
  • Association receives income from the trust for a specified number of years
  • Trust, including appreciation, is returned to beneficiaries at the end of the term free of estate and gift taxes
  • Tax deduction for value of annual payments
  • Estate tax may be eliminated if term is long enough and the payment large enough

Deferred Gift Annuity

  • Similar to a Charitable Gift Annuity
  • Payments begin at a future date chosen by the donor
  • Higher annuity rate and higher immediate tax deduction
  • Attractive option for those who have reached their contribution limit on other retirement plans

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