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Each of our donors has a great story as to their motivation for making a gift to Clarkson. Whether it be the creation of an endowment through their bequest or gift-with-income plan, or honoring a mentor who helped shape a young person’s future, the Annie Clarkson Society is here to […]

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DefinitionA donor may create a charitable gift by naming Clarkson owner and/or beneficiary on any of a number of commercially available term, whole or universal life insurance products. The policy may be held in force by the donor or Clarkson until the insured’s death or it may be terminated by […]

Under certain circumstances, a life insurance policy may “replace” for heirs the value of a gift made to Clarkson. The proceeds from an income tax charitable deduction, often combined with increased income as the result of funding a gift-with-income plan, are used to pay premiums or make a one-time payment […]

DefinitionGifts of long-term appreciated securities (assets held for more than one year) are one of the most popular types of non-cash gift. The securities are often publicly traded stocks, but may include bonds, mutual fund shares and closely held stock. The securities can be given outright or used to fund […]

Definition Selling appreciated property to Clarkson at a lower than fair market price value, with Clarkson recognizing the difference as a gift. Further Information A donor may transfer an asset to Clarkson at some value below the market price, receive consideration (usually cash, or maybe a gift annuity) in return and also […]

DefinitionA charitable remainder trust is a separate legal entity created to hold and invest assets that will ultimately pass to Clarkson. Income from the investment of the assets is paid to a beneficiary or beneficiaries for life (lives) and/or a period of up to 20 years. Further InformationA trustee is named […]

DefinitionIncome in respect of a decedent (IRD) is income to which a person is entitled at death that was never taxed during the person’s life.  IRD is subject to both estate tax and income tax. Individuals who plan gifts to charity can minimize the tax loss by funding a gift […]