In return for your gift of cash or marketable securities to a gift annuity, Hamilton agrees to make fixed quarterly payments to you, or you and another annuitant, for life based on your age(s). You may claim an income tax charitable contribution deduction, and, if the gift is made with appreciated securities, you will save capital gains tax. A portion of your quarterly payments may be tax-free. The minimum gift annuity contribution is $5,000.
Income Generating Gifts
A deferred payment charitable gift annuity, often selected by younger donors, provides all of the benefits of a charitable gift annuity while enabling you to defer increased payments to retirement years when they may be taxed at lower rates. The size of the fixed payment is directly proportional to the deferral period. The minimum deferred payment charitable gift annuity contribution is $2,000.
Funded with cash, securities and/or real estate, a charitable remainder trust makes payments to you or another beneficiary and ultimately benefits Hamilton. Two versions are available — a charitable remainder unitrust provides variable payments expressed as a percentage of market value on the annual valuation date and a charitable remainder annuity trust provides fixed payments not subject to market fluctuations. In either case, you save income and capital gains taxes. The minimum charitable remainder trust contribution is $100,000.