Comparison Charts

 
Benefits Chart
Type of GiftBenefit to YouBenefit to Colby
Outright Gift
  • usually fully tax-deductible, subject to limitations
funds are available for immediate use
Charitable Gift Annuity
  • guaranteed fixed income
  • immediate tax deduction
  • favorable tax treatment of annuity payments
assures future funding of the designated purpose
Deferred Payment Charitable Gift Annuity
  • guaranteed fixed income
  • immediate tax deduction
  • payments begin on date you specify
assures future funding of the designated purpose
Flexible Gift Annuity
  • guaranteed fixed income
  • immediate tax deduction
  • payments begin within a date range you specify when you make the gift
  • you need not specify a date until you want to begin receiving payments
assures future funding of the designated purpose
Charitable Remainder Unitrust
  • variable income that may provide hedge against future inflation
  • immediate tax deduction
  • avoidance of capital gains tax liability
  • permits more than two income beneficiaries
  • allows deferred income
assures substantial future funding of the designated purpose
Colby could use as collateral for a loan.
Charitable Remainder Annuity Trust
  • fixed income
  • immediate tax deduction
  • avoidance of capital gains tax liability on gifts of appreciated property
  • may provide tax-free income
assures substantial future funding of the designated purpose
Colby could use as collateral for a loan.
Charitable Lead Trust
  • freezes value of assets contributed for gift and estate tax purposes
  • passes assets along to heirs free of any additional tax
provides steady flow of income for a periosd of years
Revocable Trust
  • all or part of the trust is available to the donor
  • may relieve donor of asset management responsibilities
a high percentage of revocable trusts are never revoked, giving promise of future funding to Colby.
Will Provision
  • estate tax charitable deduction
  • may reduce estate taxes
  • may increase size of estate available to heirs
a high percentage of will provisions are never revoked, giving promise of future funding to Colby.
Gifts of Insurance
If Colby is made the owner and beneficiary of a permanent policy
  • immediate tax deduction for value of the policy
  • future premium payments may be deducted as gifts
Assures substantial future funding of the designated purpose; Colby may also borrow against the policy or cash it in.
If the gift is a paid-up policy
  • immediate tax deduction for value of the policy
Assures substantial future funding of the designated purpose; Colby may also borrow against the policy or cash it in.
If Colby is the beneficiary but not the owner
  • no tax deduction, but this enables you to leverage your gift substantially
  • you may change the beneficiary later
  • you may borrow against the policy later
Assures substantial future funding of the designated purpose; Colby may also borrow against the policy or cash it in.
 
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Assets Chart
Type of GiftFunded WithLimits
Outright Gift
  • cash
  • appreciated securities
  • closely held securities
  • real estate
  • personal property
no minimums or maximums
Charitable Gift Annuity
  • cash
  • securities
  • some closely held securities
$5,000 minimum
Deferred Payment Charitable Gift Annuity
  • cash
  • securities
  • some closely held securities
$5,000 minimum
Flexible Gift Annuity
  • cash
  • securities
  • some closely held securities
$5,000 minimum
Charitable Remainder Unitrust
  • cash
  • appreciated securities
  • closely held securities
  • real estate
  • some other assets
$50,000 minimum
Charitable Remainder Annuity Trust
  • cash
  • appreciated securities
  • closely held securities
$50,000 minimum (usually)
Charitable Lead Trust
  • cash
  • appreciated securities
  • closely held securities
  • real estate
$100,000 or more (usually)
Revocable Trust
  • cash
  • appreciated securities
  • closely held securities
  • real estate
$100,000 minimum (usually)
Will Provision
  • cash
  • appreciated securities
  • real estate
  • personal property
no minimum or maximum
Retirement Plan Beneficiary Designation
  • retirement fund
unlimited
Gifts of Insurance
unlimited