The gift annuity could also pay an income for the life of both the donor and another person, usually a spouse. The donor gets an income tax charitable deduction for a portion of the amount transferred, receives partially tax-free income, can spread any capital gain tax due on the transfer of appreciated assets, and avoids estate tax on the amount transferred to Centre under the annuity contract. Return to top of page Contact Office of Planned Giving Charitable Remainder Trusts. A trust is merely a legal entity created to own and manage money or property, typically for a limited duration or term. The donor receives an income tax charitable deduction for each transfer to the trust, avoids immediate capital gain taxes on any appreciated assets transferred to the trust, and avoids estate tax on the amount transferred to the trust.
Donors often designate the remaining amounts to fund scholarships or other special projects.
Return to top of page Contact Office of Planned Giving Centre College Pooled Income Fund. Operating much the same as a mutual fund, the Pooled Income Fund pools assets transferred by donors into a common investment fund. Each member of the Fund holds a number of units in the Fund depending upon the amount transferred and the value of the entire Fund at the time of transfer. The Fund makes quarterly income payments to each member for life. The member's share of the Fund passes to Centre upon the death of the member.