Life Income Gifts
We can help you design a plan that pays you or your loved ones income for life and also supports KUOW. Gift options include Charitable Gift Annuities, Charitable Lead Trusts or Charitable Remainder Trusts.
Charitable Gift Annuities (CGAs) and Charitable Remainder Trusts (CRTs) are designed to pay income to donor(s) either for their lifetime or for a term of years. CGAs pay a fixed amount, regardless of the economy, for one or two lifetimes. CRTs can be set up to generate income that is linked to trust performance and economic factors. CRTs can pay income for a term of years or for life. Both of these vehicles have substantial tax savings implications (income, capital gains, and estate taxes).
Charitable lead trusts (CLTs) can be used to transfer assets to family members – such as to the next generation or to grandchildren – with a temporary pay-out to non-profits such as KUOW for a pre-set term of years. This delayed transfer to family reduces the estate tax liability.
We work directly with the University of Washington Gift Planning Office to manage and track all annuities and trusts. You can use the UW annuity calculator or download their brochure on gift annuities to learn more.
Please contact our Planned Giving Officer, Sarah Freeman, at 206-616-8967 or firstname.lastname@example.org to set up a meeting or phone call to discuss designing your own life income gift.