What is a "gift-with-income" plan?

In its simplest form:

1. A donor makes a charitable gift to a "plan," such as a charitable gift annuity or a charitable trust,
2. The "plan" makes income payments back to the donor and/or someone else,
3. When the last income beneficiary dies, the remainder in the "plan" goes to St. Lawrence.

But what is the difference between a charitable gift annuity and a charitable trust? And where does the pooled income fund fit in? What questions should I consider before creating a plan? Is it complicated? What should I expect after I create my plan?

There are many questions to be answered before you create a gift-with-income plan. Our workbook, Will a Gift-With-Income Plan Work for Me? will guide you through the various plans, the questions you should consider before creating a plan, the process to create a plan and what to expect after your plan is created. Request a copy of Will a Gift-With-Income Plan Work for Me?, compliments of the Alumni Executive Council.

This web page does not provide legal or financial advice, nor is it intended as a comprehensive review of the topic. You should consult your attorney, tax advisor and St. Lawrence before making or planning your gift.