Planned Giving

A charitable gift annuity involves a contract agreement between you and the CSI Foundation where you agree to make a gift to the college in the form of securities, real estate, or personal property, and the college, in return, agrees to pay you a fixed amount each year for the rest of your life. Deferred gift annuity annual payments start at a later time specified by the donor, and not when the gift is received. The donor will receive a fixed annual income for life and avoid capital gains tax, as well as receive an income-tax break on a portion of the earnings from an annuity; the exact amount depends on the donor’s age.

A donation of appreciated real estate or stock can help increase tax benefits. The deduction for a donation of property to charity is equal to the fair market value of the donated property. When the donated property is a “gain” property, the donor does not have to recognize the gain on the donated property. These rules allow for the “doubling up,” so to speak of tax benefits: A charitable deduction, plus avoiding tax on the appreciation in the value of the property. Shares of the stock have to be held for more than one year and qualify for the “qualified appreciated stock” deduction.