To establish one of several types of trust commitments, a donor transfers cash, securities or real estate to the Foundation as trustee. Donors are entitled to income-tax deductions based upon the value of gifts and trust terms. Gifts avoid capital gains and estate taxes. Commitments of this type appeal to donors who wish to contribute to UC and continue to receive income from investment of the gift assets. A donor may create a gift annuity by transferring assets such as cash, stocks, bonds and mutual fund shares to the Foundation in exchange for a fixed, lifetime income.
Payments can begin immediately or at a specified future date.
Income received by the donor may be partially tax-free. Donors are entitled to income tax deductions based upon the value of gifts and payment terms, and they avoid estate taxes. This gift type is appealing to older donors seeking a guaranteed, fixed lifetime income. Pooled Income Funds Gifts of cash or securities to a UC Foundation pooled income fund generate variable lifetime income to the donor or others whom the donor selects. Each year, donors receive a proportionate share of the pooled income fund's investment income.