bufoundation (4K)

Give a gift that also provides income

A variety of gift options allow you to make a substantial charitable donation to the Bloomsburg University Foundation while providing income to you during your lifetime. The best arrangement for each donor depends on multiple factors. Typical examples include:

Charitable Gift Annuity

A donor contributes cash or assets of $10,000 or more. The Foundation agrees to pay the donor a fixed annual payment for life, based on the age of the donor when the gift annuity is created. The donor also gets an immediate tax deduction for the amount that will go to the Foundation upon the donor's death. Charitable gift annuities can be established for an individual or for the lifetime of two individuals.

Charitable Deferred Gift Annuity

A donor contributes cash or assets of $10,000 or more. The Foundation agrees to pay the donor a fixed annual payment beginning on a date in the future, often at retirement age. The donor may add to the annuity until the payment period begins. The donor gets an immediate tax deduction for the amount that will go to the Foundation upon the donor's death. Because deferred gift annuity annual income payments begin in the future, income payments are higher than with a charitable gift annuity. Deferred gift annuities can be established for an individual or for the lifetime of two individuals.

Charitable Remainder Annuity Trust

A donor contributes cash or assets to a trust, from which s/he will receive a specific dollar amount based on the value of the original contribution. The donor also designates how long the trust will continue, for a lifetime or a set number of years. At the end of the trust, the Foundation receives the remainder. The donor gets an immediate income tax deduction for the amount the Foundation receives.

Charitable Remainder Unitrust

A donor contributes cash or assets to a trust, designating a percent of the annual value of the trust (within federal guidelines) that s/he will receive as an annual income payment. The donor also designates how long the trust will continue, for one or more lifetimes or a set number of years. A donor can continue to add to a unitrust. The trust is revalued annually and the designated percentage is applied to determine the amount of distribution for that year. Thus, the income fluctuates with the value of the trust. At the end of the trust, the Foundation receives the remainder. The donor gets an immediate income tax deduction for the amount the Foundation is due to receive.

Charitable Lead Trust

A donor contributes cash or assets to a trust, designating a percent of the original contribution that will be paid annually to the Foundation. The donor also designates how long the trust will continue. The Foundation receives the income from the trust for the agreed time period. When the trust ends, the assets go to the heirs and another charitable organization. The donor gets an income tax deduction based on the portion of the trust that is charitable.

Contact me about gifts that provide income.

Bloomsburg University Foundation, Inc., a 501(c)3 organization, is the philanthropic arm of Bloomsburg University.
400 East Second Street, Bloomsburg PA 17815-1301 • 570-389-4524 • foun@bloomu.edu
Official registration and financial information for Bloomsburg University Foundation may be obtained from the Pennsylvania Department of State
by calling toll free (within PA), 1-800-732-0999. Registration does not imply endorsement.