GIFTS THAT PAY YOU INCOME

You can support Antioch College while supporting yourself and your loved ones by choosing to make a “life-income gift”. This planned giving option provides you with an income stream, significant tax savings, and the satisfaction of providing Antioch College with vital long-term resources.

The creation of a life-income gift benefits both the giver and the receiver—a "win-win" situation. The following life-income gifts are available, and one may be right for you:

 

CHARITABLE REMAINDER UNITRUST

The unitrust provides for annual payments to the designated beneficiary(ies) of a specified percentage—at least 5% of the value of the trust as it is valued each year. Since the value of trust assets may vary from year to year, the payments may also vary. At the death of the last income beneficiary, the trust principal is distributed to Antioch College.

In addition to the income you will receive from the trust, you will also be entitled to a charitable income-tax deduction for the value of our remainder interest in the trust assets.

Gift Range: $100,000 or more

Example: Horace and Mary Mann purchased growth stock for $20,000 ten years ago. It is now valued at $100,000, but the annual dividends are only $1,500. Now that they are both 65, they would like to augment their retirement income. To do this, they transfer the stock to a charitable remainder unitrust with a 6% payout rate.

In the first year, they will receive a $6,000 payment—four times the dividends they have been receiving—and those payments will increase in time if the assets of the unitrust appreciate in value. Moreover, they avoid tax on their profit in the stock and receive an income-tax deduction of about $27,400. In their 33% tax bracket, this saves them more than $9,000 in income taxes (33% of $27,400).

When the last beneficiary dies, the unitrust assets will benefit any Antioch College program you choose.

How It Works

  1. Create trust agreement stating terms of the trust; transfer cash or other property to trustee
  2. Trustee invests and manages trust assets and makes payments to income beneficiaries you designate
  3. Remainder to Antioch College for purposes you specify

Benefits

  • Payments to one or more beneficiaries that will vary annually with the value of the trust
  • Federal income-tax deduction for the charitable remainder value of your interest
  • No capital-gain tax when trust is established; property is sold by the trust
  • Trust remainder will provide generous support for Antioch College


CHARITABLE REMAINDER ANNUITY TRUST

The annuity trust provides for payment of a fixed-dollar amount—annually or at more frequent intervals—to the designated beneficiary(ies).

The amount must equal at least 5% of the initial fair-market value of the trust. At the death of the last beneficiary, the trust principal is distributed to Antioch College.

In addition to the income you will receive from the trust, you will also be entitled to a charitable income-tax deduction for the value of our remainder interest in the trust assets.

Gift Range: $100,000 or more

Example: Horace and Mary Mann purchased growth stock for $20,000 ten years ago. It is now valued at $100,000, but the annual dividends are only $1,500. They are both 75, and they would like to increase their retirement income. To do this, they transfer the stock to a charitable remainder annuity trust with a 5% payout rate.

In the first year, they will receive a $5,000 payment—over three times the dividends they have been receiving—and they will continue to receive $5,000 each year for the rest of their lives. Moreover, they avoid tax on their profit in the stock and receive an income-tax deduction of about $37,000. In their 33% tax bracket, this saves them $12,210 in income taxes (33% of $37,000).

When the last beneficiary dies, the annuity trust assets will benefit any Antioch College program you choose.

How It Works

  1. Create trust agreement stating terms of the trust; transfer cash or other property to trustee
  2. Trustee invests and manages trust assets and makes payments to income beneficiaries you designate
  3. Remainder to Antioch College for purposes you specify

Benefits

  • Payments to one or more beneficiaries that remain fixed for the life of the trust
  • Federal income-tax deduction for the charitable remainder value of your interest
  • No capital-gain tax when trust property is sold
  • Trust remainder will provide generous support for Antioch College

Next Steps 

  1. Contact Susanne Hashim, VP of Advancement, at (937) 319-0163 or shashim@antiochcollege.edu, for additional information on charitable remainder unitrusts and charitable remainder annuities.
  2. Seek the advice of your financial or legal advisor.
  3. If you include Antioch College in your plans, please use our legal name and federal tax ID.
    Legal Name: Antioch College Corporation
    Address: 1 Morgan Place, Yellow Springs, OH 45387
    Federal Tax ID Number: 26-1672457
  4. Complete and send us the Declaration of Intent Form