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Life Income Gifts
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Life Income Gifts
Charitable Gift Annuity
Pooled Income Fund
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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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