"I don't want to sound like a poster child for planned giving, but it is a tremendous philanthropic vehicle. The charitable remainder unitrust we have set up with Middlesex was really a win-win for my wife and me. Yes, we are relinquishing the use of a significant sum of money. But we receive a very nice tax incentive, as well as an income stream for life which is attractive compared to alternative yields available outside of the trust, and Middlesex received a gift which can have a significant impact on its future.
A charitable remainder trust works great with low basis, low yield securities because it ensures a stream of income, and allows donors charitable intentions to be carried out and you get to see this in your life time. A charitable remainder trust meets the goals of Middlesex and meets the goals of the donor
I hope Middlesex is trumpeting the horn of Planned Giving."
— Albert H. Elfner III '62 P'88
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.