Life Income Gifts

Gifts given today provide life income to you, and future benefits to Taylor.

Charitable Gift Annuity

A charitable gift annuity is a simple contract that provides guaranteed fixed income for the life of one or two annuitants. The payout rate is determined by the age of the annuitant(s) and the income payouts can be immediate or deferred. Single life payout rates range from 5.7% - 11.3% for ages 60 and older. A charitable gift annuity offers many tax benefits, and part of each year's annuity payment is tax-free income.

Ask for a personal proposal.

Charitable Remainder Unitrust

A charitable remainder unitrust is an irrevocable contract that transfers ownership of an asset to Taylor University and provides the donor with income for life or for a term of years. Taylor agrees to pay the donor a fixed percentage of the trust assets as revalued annually. An excellent instrument for individuals in a high tax bracket who have highly appreciated assets, the charitable remainder unitrust provides tax savings by eliminating all capital gains taxes.

Ask for a personal proposal.

Life Estate

You can give your home or farm or other real estate to Taylor University today, and retain the right to use the property for the rest of your life. You receive an immediate income tax deduction based upon your age(s). You must continue to maintain the property, insure it, and pay property taxes.