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Gift Annuities and Trusts


A charitable gift annuity is an extraordinary way to make a gift, increase your income and slice your tax bill – all in one transaction! Our charitable gift annuity program was created as a service to our many friends who have expressed a desire to make a gift of significance, while still retaining income from the gift property during their lives.

By taking out a gift annuity with the Mount you automatically become a member of Mount Saint Mary's 1808 Society, our legacy society that recognizes individuals who have made gifts for the future of the Mount.

Download the brochure "The Gift Annuity" and read more about the types of annuities and their benefits:

Charitable Gift Annuity
Deferred Gift Annuity
Charitable Remainder Unitrust
Charitable Remainder Annuity


Charitable Gift Annuity

Did you know there's a gift to Mount St. Mary's University that returns payments to you? Yes, the IRS allows and encourages these creative plans that can stretch your giving ability. Here’s how they work:

Some of the best ways to support Mount St. Mary's University are available through life-income gifts. These "Gifts That Pay You Income" help you make a substantial gift to Mount St. Mary's while increasing your income!

The plans described here all have one substantial advantage over investment vehicles you read about elsewhere: these plans produce generous gifts to Mount St. Mary's University. So, while you will receive income for life or a set period of time, you can provide for yourself and the people we serve today.

The Benefits

  • An additional source of lifetime income for you, your spouse, or other significant persons.

  • A potential increase in the income you are currently receiving from your investments.

  • An immediate tax deduction for a portion of your gift.

  • No capital gains tax due at the transfer of appreciated assets to your gift plan.

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Deferred Gift Annuity

How It Works

  • You transfer cash or securities to Mount St. Mary's University. Our suggested minimum gift requirement is $10,000.

  • Beginning on a specified date in the future, Mount St. Mary's begins to pay you, or up to two annuitants you name, fixed annuity payments for life.

  • Beneficiaries are recommended to be at least 65 to begin receiving payments and must be at least 40 to fund the gift.

  • The remaining balance passes to Mount St. Mary's when the contract ends.

Benefits

  • Deferral of payments permits a higher annuity rate and generates a larger charitable deduction.

  • You can target your annuity payments to begin when you need them, such as retirement.

  • The longer you elect to defer payments, the higher your payment will be.

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Charitable Remainder Unitrust

How It Works

  • You transfer cash, securities, or other appreciated property into a trust. Our suggested minimum gift requirement is $100,000.

  • The trust pays a percentage of the value of its principal, which is valued annually, to you or beneficiaries you name.

  • When the trust terminates, the remainder passes to Mount St. Mary's University to be used as you have directed.

Benefits

  • Receive income for life or a term of years in return for your gift.

  • Receive an immediate income tax deduction for a portion of your contribution.

  • Pay no up front capital gains tax on appreciated assets you donate.

  • You can make additional gifts to the trust as your circumstances allow for additional income and tax benefits.

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Charitable Remainder Annuity Trust

How It Works

  • You transfer cash, securities, or other appreciated property into a trust. Our suggested minimum gift requirement is $100,000.

  • The trust makes fixed annual payments to you or to beneficiaries you name.

  • When the trust terminates, the remainder passes to Mount St. Mary's University to be used as you have directed.

Benefits

  • Receive income for life or a term of years in return for your gift.

  • Receive an immediate income tax deduction for a portion of your contribution.

  • Pay no up front capital gains tax on appreciated assets you donate.

  • Your trust can meet personal or family needs that are tied to a specific time frame, such as tuition payments.

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