Choose Your Plan to Create Income
Through charitable gift annuities and charitable remainder trusts, you can make a gift to Calvin while establishing a source of income for yourself or others. This gift to Calvin will pay you back a percentage of the amount of that gift annually, quarterly, or monthly for the rest of your life.
- If you have an amount of $5,000 or more to give to Calvin, consider investing in a Charitable Gift Annuity.
- If you have appreciated assets of $50,000 or more that you would like to sell without incurring capital gains taxes, consider establishing a Charitable Remainder Trust.
Charitable Gift Annuity
If you have recently cashed out a matured CD or have set aside an amount of money over $5,000, a charitable gift annuity may be a wonderful stewardship opportunity for your resources. This kind of gift not only produces annual income for you or another person, it also enables you to receive an income tax deduction.
To establish a charitable gift annuity, you can contribute either cash or stock to Calvin and we will invest the money in a way befitting the stewardship guidelines of the college. In addition, Calvin will sign a contract with you so that you may be assured that you will be receiving a fixed income from this gift for the rest of your life.
Unlike a CD you would set up with your local bank, and for tax reasons, you may not cash out a charitable gift annuity—the gift remains a donation to Calvin.
The Office of Gift Planning is here to talk about current income rates on charitable gift annuities and to help you with the process of selling assets. We will happily provide you with the necessary paperwork to help you get started.
Charitable Remainder Trust
If you have appreciated assets valued at $50,000 or more that would, upon sale, incur capital gains tax, consider establishing a charitable remainder trust. This kind of gift will bring you income equal to 5-8% of the amount in the trust each year and help you avoid all capital gains tax.
Whatever you give to Calvin, we will invest your assets in a way befitting the stewardship guidelines of the college. Calvin will also sign a contract with you so that you can be assured that you will receive income from your gift for the rest of your life.
In order for you and Calvin to receive the full benefit of your gift, you must set up a charitable remainder trust before you sell your appreciated assets. The Office of Gift Planning is here to walk you through the process of setting up a trust, including the sale of your assets.
Membership in the William Spoelhof Society
If you have included Calvin College in your planned giving arrangements complete a form online, or contact the Gift Planning Office at (800) 968-4363 or (616) 526-8719 and we will include you in The William Spoelhof Society.
