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Gain income for life by giving cash or other property in trust now.

Charitable Gift Annuities
A gift annuity is a contract in which Shepherd agrees to pay specified amounts over a specified period of time to you and a spouse or other annuitant, if desired, in exchange for cash, securities, or other property. You receive an immediate income tax deduction. Payments are fixed at an annual rate for life. At the death of the annuitants, Shepherd University receives the remainder of the charitable gift annuity.

Older donors receive higher income rates, as do younger donors who defer payments for several years. Deferred annuities enable donors to receive a significant charitable deduction when it matters most, while they are working and probably in a higher tax bracket.

Charitable Remainder Trusts
This type of trust benefits you and/or another beneficiary for your lifetimes or a set number of years (20 years or less) with an annual income; then the remaining trust assets pass to Shepherd University. The property you transfer to the trust is exempt from federal income tax and capital gains tax in the year the trust is funded.

  • An annuity trust provides a fixed, guaranteed annuity payment.

  • A unitrust provides a variable payment that is determined annually as a fixed percentage of trust assets. The payment can grow as the principal increases in value over time.

Charitable Lead Trusts
As opposed to a remainder trust, the charitable lead trust makes payments to Shepherd for a set number of years; then the remaining trust assets pass to the beneficiary you designate. Like the remainder trust, you can transfer cash, securities, or other property to set up the trust, and you can choose either an annuity or unitrust format. The trust may be created during the donor's lifetime or, through a will, at his or her death.

To make a planned gift, please contact us at 304-876-5378. We will be happy to work with you and your financial advisor to create a plan that's right for you.

 

Create the Future | P.O. Box 5000 | Shepherdstown, West Virginia | 25443-5000 | 304-876-5378 | 800-344-5231