Did you know that you can make a gift to The University of Alabama and receive income from that gift? Here are ways to donate gifts that provide income back to you.
A charitable gift annuity is a simple contract between you and the Capstone Foundation at The University of Alabama. You make a gift of cash or securities to UA, and in return The University of Alabama agrees to pay you and/or another person a specific amount for the rest of your life or lives. Payments may be made annually, quarterly or monthly to fit your preference. Setting up a gift annuity provides an opportunity to diversify your portfolio, produce income for yourself, and support UA in the long term.
For answers to frequently asked questions about gift annuities, click here.
A charitable remainder trust is another popular tool to unlock income and support UA and is often funded with real estate or other non-income producing assets. A charitable remainder trust provides income to you for a specific purpose, such as retirement or educational expenses, for your life or a set period of time. At the end of that specified time, the trust balance becomes a charitable gift to UA.
For answers to frequently asked questions about charitable remainder trusts, click here.
A charitable gift annuity and a charitable remainder trust can both provide significant tax benefits to the donor.
Contact us and we will be glad to send you a free brochure on this subject with no obligation on your part.
By including The University of Alabama in your will or other estate plan, you qualify for membership in the Denny Society. Click here for more information.