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 (may be preferable for donors givining highly appreciated assets), and a unitrust which pays a fixed percentage of the trust's assets as re-valued 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 eastblished by the US Treasury Department.  Also the CRT pays no gain on the sale of the donated scurities.  However, a portion of the income from the trust my be taxed as capital gains.

For more information or illustrations please contact Amy Hunt, Director of Advancement 419-381-1313x110.

Questions?

Contact any member of the Advancement Team listed below

School Information

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