Giving and Generating Income
Certain types of gifts enable you to give to Carnegie Mellon University while generating income for yourself and your family. These options are described below.
A charitable gift annuity enables you to make a gift to Carnegie Mellon University, receive income for yourself or others and be eligible for a current income tax deduction for a portion of the assets given to fund the gift annuity. The new – and higher – annuity rates announced may make this gift a perfect fit for you.
A deferred gift annuity provides fixed payments to you for life in exchange for your gift of cash or securities. You determine the start date of the payments, which must begin at least one year after you make the gift. If you are doing retirement income planning the new – and higher – annuity rates may make the deferred gift annuity the answer to your charitable and financial planning goals.
A charitable reminder annuity trust can significantly reduce or even eliminate any gift or estate tax that might otherwise be due in your charitable donation to Carnegie Mellon.
A charitable remainder unitrust can help you maintain or increase your income while making a significant gift to Carnegie Mellon University. If your unitrust grows, your payments will grow too, providing a hedge against inflation.
A pooled income fund is a trust that is established and maintained by Carnegie Mellon. Your gift of cash or securities is combined with other gifts in the fund and you receive a tax deduction for your gift plus payments of income for life.