A donor makes a $2 million contribution of marketable securities to a CLAT with a 10-year term. Assets grow at 2.5% annually. The donor will get an immediate charitable income tax deduction of $2 million. The charity gets $2,044,000 over 10 years, and at the end of the...
(Your contribution to this type of organization is deductible only if it is to be used solely for charitable, religious, scien- tific, literary, or educational purposes, or for the prevention of cruelty to children or animals.) 4. Certain nonprofit cemetery companies or corporations. (Your ...
Market fluctuations may cause the value of investment fund shares held in a donor-advised fund (DAF) account to be worth more or less than the value of the original contribution to the funds. 1024-WZWT Investment and Insurance Products Are: Not FDIC Insured • Not Insured by Any Federal ...
Deferred gift annuity(or deferred payment gift annuity): The annuitant begins receiving payments at a future date, chosen by the donor. Payments can be monthly, quarterly, semi-annually, or annually and must begin more than one year after the date of the contribution. Flexible gift annuit...
If the fund has not existed for at least 3 years prior to the year of the contribution, then a 9% rate of return must be presumed.A pooled income fund, unlike a charitable remainder trust, is not tax-exempt, but may eliminate its tax liability by distributing all the income to its ...