Your Gift Develop your complete philanthropy with a Wabash gift plan. An annuity trust can be established by transferring cash or securities in trust to the College. The trust provides you with an annual fixed income amount that is at least 5 percent of the initial fair market value of the trust assets. These fixed payments continue for your life and the lives of any other beneficiaries.
Any income earned by the trust that exceeds the annuity amount is added to trust principle.
If trust earnings are insufficient to meet the annuity amount, principle is used to make up the deficit. An annuity trust entitles you to a current tax-year charitable deduction. A gift of long-term appreciated property relieves you of capital gains tax on the sale of the property. In addition, the gift may result in increased annual income to the beneficiaries. Upon the death of the last surviving income beneficiary, the assets in the trust pass to Wabash College.