Life Income Gifts

Life income gifts serve a dual purpose: They provide philanthropic support for Maumee Valley Country Day School while also providing both a charitable income tax deduction and an income stream to you and/or your loved ones.
 
These gift vehicles can provide income benefits comparable to—or in some cases exceeding—those that might be earned in non-charitable vehicles. Many donors establish life income gifts with assets that are producing a very small amount of income, such as cash or appreciated stocks that do not earn dividends. Some donors establish life income gifts through their wills as a means of providing a life income to a loved one.  The School offers two basic types of life income gifts.

Charitable Gift Annuities

A charitable gift annuity is an agreement between a donor and Maumee Valley Country Day School.  In return for a donation of cash, appreciated securities or other property held for more than one year, the school agrees to pay a fixed payment for life to you and/or to a family member or designee.

Benefits:
You may claim a charitable tax deduction for your gift and a portion of the payments may be tax-free. Should you wish to fund a gift annuity with long-term capital gain property, you will have to report only some of the gain, and you may be able to report it in installments over several years.

Charitable Remainder Trusts

Donors can increase the return on their investment while maintaining control over their assets by establishing a charitable remainder trust (CRT).  There are two types of CRT, an annuity trust which pays a fixed amount each year (maybe preferable for donors giving highly appreciated assets), and an unitrust which pays a fixed percentage of the trust's assets as revalued each year (which may provide a hedge against inflation).

Benefits:
You receive an income tax deduction in the year you create the trust based on table established by the US Treasury Department.  Also, the CRT pays no gain on the sale of the donated securities.  However, a portion of the income from the trust may be taxed as capital gains.

For more information or illustrations please contact Michael House, Interim Director of Advancement at 419-381-1313 x117.

Questions?

Contact any member of the Advancement Team listed below

List of 4 members.

  • Photo of Michael House

    Mr. Michael House 

    Director of Enrollment Management and Interim Director of Advancement
    419-381-1313 x117
    2013
  • Photo of Weezie Stoddard '82

    Mrs. Weezie (Foster) Stoddard '82 82

    Maumee Valley Country Day School
    Associate Director of Lifetime Philanthropic Engagement of Alumni
    419-381-1313 x112
    Columbus College of Art & Design - BFA
    1998
    1982
  • Photo of Brian Oliver

    Brian Oliver 

    Associate Director for Parent Philanthropic Engagement
    419-381-1313 x113
    2019
  • Photo of Nihal Kattar

    Nihal Kattar 

    Administrative Support - Advancement
    419-381-1313 x127
    Maumee Valley Country Day School
    2019

School Information

1715 South Reynolds Road
Toledo, OH 43614
p: 419-381-1313
f: 419-381-1314
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Maumee Valley Country Day School is the only Preschool - 12th grade accredited, co-educational, independent school in Northwest Ohio and Southeast Michigan.