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.
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.
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 flip unitrust can be an excellent way for you to give an asset that may take time to sell and receive substantial payments for life once the flip unitrust sells your asset. You might also be interested in using a flip unitrust to make a gift now that will supplement your income in the future, such as when you retire.
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.