"After I determined in 1994 that a Charitable Remainder Trust was the proper vehicle for me to convert several highly appreciated securities with minimal income into a steady income stream with favorable tax considerations for my early retirement, I had to choose between Harvard University and Middlesex School as the appropriate charitable institution. I selected Middlesex since my years at Middlesex had been a turning point in my life and I felt my contribution would mean far more to Middlesex, just beginning to establish a planned giving program, than it would to Harvard with its vast fund of endowments."
— Richard Spelman '49
Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. California residents: Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. Oklahoma residents: A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. South Dakota residents: Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.