A Charitable Gift Annuity and a Charitable Remainder Trust are two types of gifts that will give you an immediate income tax deduction and regular income payments for life.
When you establish a Charitable Gift Annuity with the Vermont Land Trust, you give us cash, securities, or property valued at $15,000 or more, and we agree to pay you—and up to one other beneficiary—a fixed amount for life.
Afterward, the remainder of the original gift—plus any interest it has accrued—will be available for us to use in our conservation work.
Charitable Gift Annuities are generally best for those over 65. If under 65, you can establish a Charitable Gift Annuity now, but defer income until age 65 or later.
You may take a charitable income tax deduction at the time of the gift. If your gift is funded with appreciated assets, a Charitable Gift Annuity can also limit capital gains taxes.
We can make the calculations, based on your age, to help you determine whether a Charitable Gift Annuity is the best option to meet your goals. Please call Christa Kemp at (802) 262-1229 for more information.
Learn about the Mickenbergs’ decision to establish a Charitable Gift Annuity with the Vermont Land Trust:
A Charitable Remainder Trust functions much like a Charitable Gift Annuity (as described above) except your gift is held and managed by the trustee of your choice.
You and any other beneficiaries you designate receive the interest income, and upon your death, the remaining assets are donated to the Vermont Land Trust.
A Charitable Remainder Trust is most useful for people who have substantial resources and own highly appreciated assets that earn a low rate of return (like stock) or cost money to maintain (such as land).
Because these trusts are more complex than gift annuities, we recommend that donors use them when the gift has a value of at least $100,000 and the income beneficiaries are less than 75 years old.
A Charitable Remainder Trust will include a charitable income tax deduction if at least 10% of the amount contributed to the trust will ultimately pass to the Vermont Land Trust. We can make the calculations for you to help you determine whether a Charitable Remainder Trust is the best option to meet your goals. Please call Christa Kemp at (802) 262-1229.