Lifetime Income Gifts

Charitable Remainder Trusts

A Charitable Remainder Trust (CRT) is a separately invested and managed charitable trust that pays income to you, or to beneficiaries you name, for life or a term of years. At the termination of the trust, the principal goes to the School. Please contact us for a detailed gift illustration of your benefits.

You can use a variety of assets to fund a CRT:

• Cash
• Publicly traded stocks and bonds
• Closely-held stock and real estate
• Tangible personal property, such as works of art, may be used in some instances

You can tailor it to suit your needs:

• Build retirement income
• Generate a higher income from assets you currently own
• Provide for your spouse, family members or other beneficiaries

There are two basic types of Charitable Remainder Trusts:

• A Unitrust (CRUT) which pays a variable income, typically between 5-7% per year based on a fixed percentage of the trust assets as revalued once a year. One advantage of a unitrust is that your income can increase as the trust principal grows over time. Also, you may make additional contributions to the unitrust principal at any time.
• An Annuity Trust (CRAT) which gives you the opportunity to choose to receive a fixed dollar amount from the trust each year. Those who are interested in the security of a fixed annual income often prefer the annuity trust. Additional contributions cannot be made to annuity trusts

Charitable Gift Annuity

A Charitable Gift Annuity will provide you income for life, while also allowing you to make a significant gift to The Agnes Irwin School. Please contact us for a detailed gift illustration of your benefits.

Additional benefits of a Gift Annuity are:

• A steady income for life which is paid out quarterly.
• Annuity payments are backed by the school's endowment and are guaranteed, regardless of fluctuations in the stock market or interest rates
• A charitable income tax deduction, favorable tax treatment of a portion of the payments you receive, and a potential estate tax savings

The Agnes Irwin School accepts gift annuities in the amount of $10,000 and higher, and offers all alumnae and friends of the school, age 68 and older, the same income rate of 5%.