A donor may make a gift to Carroll University and receive direct financial benefits. The benefits include an income for life for the donor and/or the donor's spouse and a charitable income tax deduction.
Several options are available including the charitable gift annuity, the deferred gift annuity and Charitable Remainder Trusts. These three options require a minimum gift level, and the gift may be designated to benefit any department or program at Carroll.
In determining which vehicle is most appropriate, the following questions should be answered:
- What is the age of the donor and/or the donor's spouse?
- Will the gift be based on one or two beneficiaries?
- Will the gift be funded with cash, appreciated securities, or real estate?
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Features and Benefits
- A stream of income for the lifetime of the donor and/or the donor's spouse
- A charitable income tax deduction
- An opportunity to establish an endowed fund in the donor's name or the name of a loved one
- Possible avoidance of capital gains taxes on gifts of appreciated property
- A higher yield than from current investments
- Membership in the John Adams Savage Society
- A reduction in federal estate taxes
For more information, contact Tim Kohls at tkohls@carrollu.edu or call 262.524.7241.
The information on this web site is not intended as legal advice. For advice and assistance in specific situations, the services of a professional advisor should be obtained.
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