The Best Kept Secret in the UU Universe… - You may use the UUA Charitable Gift Annuity Fund or UUA Pooled Income Fund to make a gift for your congregation.
- A service for congregations,which no single congregation alone can provide its members
- Cost-effective and simple
You make an irrevocable gift today and receive payments for the rest of your life. You choose where the remainder of the gift goes after you die — to the UUA, your congregation, or both.
Charitable Gift Annuity - Donate a minimum of $5,000 and receive fixed quarterly payments guaranteed for the rest of your life.
- Rate of payment is based on your age.
- Good to fund with appreciated stock.
- Your congregation and/or the UUA receive the fair market value of what remains of your gift when you die.
- On average UUA Gift Annuities retain 95% of the original gift amount.
Sample Charitable Gift Annuity Donor - Donor age 74 gives $10,000 of appreciated stock, with a cost basis of $5,000. Payments to one person.
- Fixed Rate of 6.9%
- Charitable Deduction of 43.88%
- Avoid some of the Capital Gains Tax on the Stock
Sample Charitable Gift Annuity Donor | Value of Gift | $10,000.00 | | Charitable Deduction | $4,387.60 | | Fixed Annual Income | $690.00 | | Tax-free Portion | $214.24 | | Capital Gain Income | $214.25 | | Ordinary Income | $261.51 | Gift Annuity Rates – Single Life Suggested by the American Council on Gift Annuities Effective July 1, 2004 Gift Annuity Rates | Age | Rate | Age | Rate | Age | Rate | | 67 | 6.2 % | 75 | 7.1 % | 83 | 8.8 % | | 68 | 6.3 % | 76 | 7.2 % | 84 | 9.2 % | | 69 | 6.4 % | 77 | 7.4 % | 85 | 9.5 % | | 70 | 6.5 % | 78 | 7.6 % | 86 | 9.9 % | | 71 | 6.6 % | 79 | 7.8 % | 87 | 10.2 % | | 72 | 6.7 % | 80 | 8.0 % | 88 | 10.6 % | | 73 | 6.8 % | 81 | 8.3 % | 89 | 11.0 % | | 74 | 6.9 % | 82 | 8.5 % | 90+ | 11.3 % | Charitable Gift Annuity - Fixed payments
- Payments to 1 or 2 people
- Minimum donation $5,000
- New contract and rate for each gift
- Receive an immediate charitable deduction
- Avoid most capital gains on the stock used to fund gift
- Fair market value of what remains (averaging 95% of the donation) goes to the UU entities named by donors.
Pooled Income Fund - Donate a minimum of $5,000 and receive variable quarterly payments for the rest of your life.
- Payment equals your share of income and dividend earnings each quarter.
- Good to fund with appreciated stock.
- You can add to your gift in future years.
- Minimum additional gift is $1,000.
- Your congregation and/or the UUA receive the fair market value of what remains of your original gift when you die.
- On average UUA PIF gifts grow in value and yield a charitable gift that is 127% of the original donation.
Sample Pooled Income Fund Donor - Donor age 74, gives $10,000 of appreciated stock, with a cost basis of $5,000.
- Variable Rate (last year the fund averaged 4.64%)
- Charitable Deduction of 62%
- Avoid all of the Capital Gains Tax on the Stock
Sample Pooled Income Fund Donor | Value of Gift | $10,000.00 | | Charitable Deduction | $6,205.00 | | First Year’s Income (taxed as ordinary income) | $464.00 | Pooled Income Fund - Variable payments
- Payments to 1 or 2 people
- Minimum donation $5,000, can make additional gifts of $1,000 or more
- Receive an immediate charitable deduction (slightly larger than CGA)
- Avoid all capital gains on stock used to fund gift
- Fair market value of what remains (averaging 127% of donation) goes to the UU entities named by donors.
Charitable Remainder Trust - Donate a minimum of $100,000 to the Trust and receive an income from the assets in the Trust until you die, or for a fixed term.
- The rate of payment is determined by you and the UUA when you set up the Trust.
- You avoid all the Capital Gains Tax if you fund with appreciated assets (like stock).
- You can have a Unitrust (variable income) or an Annuity Trust (fixed income).
- After you die, the assets of the Trust can be divided among multiple charitable organizations.
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