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Gifts That Pay You Income

You can provide a first-class education and diverse learning community to our next generation of leaders while earning an income from your gift.

Charitable Gift Annuities

Charitable gift annuities (CGAs) offer a secure, fixed payment stream for yourself and/or a loved one for your lifetime(s). You will also receive tax benefits and the satisfaction of creating a lasting legacy through The University of Olivet.

How it works:

  • You donate cash or appreciated securities worth $25,000 or more to The University of Olivet. In return, you and/or another beneficiary will receive fixed payments for life.
  • Your payment rate is based on your age (payments start at age 60 or later) and will never change.
  • A portion of your payments will be tax-free.
  • The older you are — or the longer you defer starting your payment — the higher your payments will be.

Charitable Remainder Trusts

A Charitable Remainder Trust (CRT) is a tax-free trust that pays you and/or other beneficiaries an annual distribution. This payment is either a percentage of the annual value of the trust, or a percentage of the original gift amount.

How it works:

  • You transfer cash or an appreciated asset* into an irrevocable trust.
  • The trustee then sells the asset, paying no capital gains tax, and reinvests the proceeds.
  • For the rest of your life (or a term of years), you and/or another beneficiary receive payments from the trust.
  • After your lifetime, the remaining principal is used to support the mission of The University of Olivet.
* While donating real estate is the most common way to fund a charitable trust, a wide variety of assets can be used, including cash, appreciated publicly traded or closely held stock, as well as oil, gas or mineral interests.

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Olivet, MI 49076

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