Gift-With-Income Comparison Chart

Gift Annuity Unitrust Annuity Trust
Gifts used to create plan Generally cash & publicly traded securities Cash, securities, real estate, property Generally cash & publicly traded securities 
 Suggested minimum gift to create  $10,000  $25,000 $25,000 
Add future gifts? No (easy to create another annuity) Yes No
Suggested minimal additional gift  $5,000 Any amount N/A
Income tax deduction Dependent on beneficiary age(s), IRS discount rate Dependent on length of trust and IRS discount rate
Income type Fixed Variable Fixed
Defer start of income?  Yes Yes No
Payout   percentage Based on age(s) from ACGA rate schedule By law, at least 5% (generally, Clarkson trusts range between 5-6%)
Payment  frequency Monthly, quarterly, semiannual or annual
 Payments guaranteed? Guaranteed based on Clarkson’s assets Guaranteed based on assets within the trust
Taxation of income May include ordinary, capital gain and tax-free May include ordinary, capital gain, tax-exempt and tax-free
Investment of funds In accordance with NYS law In accordance with terms of trust and law
Investment manager BNY Mellon Wealth Management
Income Beneficiaries 1 or 2 individuals Donor and/or others named in trust document
Is gift revocable? No No No
Potential benefits to donor Give to Clarkson & receive income; count gift in fundraising campaigns & anniversary reunions; Roundtable recognition; join Annie Clarkson Society; generate charitable deduction; save capital gains tax; no cost to create; guaranteed, fixed income; tax-free income depending on funding asset; increase income; save estate tax Give to Clarkson & receive income; count gift in fundraising campaigns & anniversary reunions; Roundtable recognition; join Annie Clarkson Society; generate charitable deduction; variable income; increased income; save capital gains tax; save estate tax Give to Clarkson & receive income; count gift in fundraising campaigns & anniversary reunions; Roundtable recognition; join Annie Clarkson Society; generate charitable deduction; stable income; increase income; save capital gains tax; save estate tax 
Benefits to Clarkson Clarkson can thank you now for your gift; Clarkson can plan the use of your gift with you; Clarkson can encourage others to consider similar gifts.


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Are you thinking of funding a charitable trust and would like to speak confidentially to someone who has already created a trust with Clarkson?  Tom Basso ’74 would be happy to hear from you.  Click to contact Tom. 

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This web page does not provide legal or financial advice, nor is it a comprehensive review of the topic. You should consult your legal and financial advisors and Clarkson University before making or planning your gift.