|
Type of Gift |
May Be Funded With |
Amount
Needed to Establish |
Benefits
for You |
Benefits for University of Miami |
| Current
/ Outright Gifts |
Cash,
appreciated securities, closely held securities,
real estate, personal property |
No
minimum or maximum |
Usually
fully deductible for 100% of the fair-market value,
subject to certain limitations |
Funds are immediately available for use. |
| Charitable
Lead Trusts |
Cash,
appreciated securities, closely held securities,
real estate |
|
Freezes
value of assets contributed for gift- and estate-tax
purposes |
Provides
steady flow of income for a period of years |
| Life-Income
Gifts (irrevocable) |
| A.
Charitable Gift Annuities |
Cash,
securities, some closely held securities |
$10,000 |
Guaranteed
fixed income, immediate tax deduction equal to the
University of Miami’s remainder interest in the
gift; favorable tax treatment of annuity payments |
Assures
future funding of the designated purpose |
| B.
Deferred-Payment Charitable Gift Annuities |
Cash,
securities, some closely held securities |
$10,000 |
Immediate
tax deduction equal to the University of Miami’s
remainder interest in the gift; favorable tax treatment
of annuity payments |
Assures
future funding of the designated purpose |
| C.
Charitable Remainder Unitrusts |
Cash,
securities, some closely held securities, real estate |
$50,000 |
Immediate
tax deduction equal to the University of Miami’s
remainder interest in the gift; variable income
that may provide a hedge against future inflation;
favorable capital-gains tax liability on gifted
property. Can be tailored to your situation; permits
more than two income beneficiaries; allows deferred
income if desired; excellent vehicle for real estate
gifts |
Assures
substantial future funding of the designated purpose;
donor may select the trustee; University of Miami
could, if desired, use trust as collateral for loan |
| D.
Charitable Remainder Annuity Trust |
Cash,
appreciated securities, some closely held securities |
$50,000 |
Immediate
tax deduction equal to the University of Miami’s
remainder interest in the gift; fixed income; favorable
capital-gains tax on gifts of appreciated property;
may provide tax-free income |
Same
as unitrust |
| Revocable
Trusts |
Cash,
appreciated securities, closely held securities,
real estate |
|
All
or part of the amount placed in the trust is available
if needed by the donor; if a commercial trustee
is chosen, may relieve the donor of the responsibilities
and headaches of asset management; no tax deduction
is available for this kind of trust |
A
very high percentage of revocable trusts are never
revoked, giving promise of future funding to the
University of Miami |
| Gifts
of Insurance - if the University of Miami is made
the owner and beneficiary of a permanent policy |
|
|
Immediate
income-tax deduction for the net cash surrender
value of the policy at the time of transfer; future
premium payments may be deducted annually as gifts |
Assures
substantial
future funding of the designated purpose; University
of Miami may also borrow against the policy or cash
it in
|
| Gifts
of Insurance - if the gift is a paid-up policy |
|
|
Immediate
income-tax deduction for the net cash surrender
value of the policy at the time of transfer |
Assures
substantial future funding of the designated purpose;
University of Miami may also borrow against the
policy or cash it in |
| Gifts
of Insurance - when the University of Miami is the
beneficiary but not the owner |
|
|
No
tax deduction but this enables you to leverage your
gift substantially; you may change the beneficiary
later or borrow against the policy |
Promise
of future support to the University of Miami |
