The donor may wish to make a substantial capital gift to the Foundation but feel that he or she cannot afford to give up the annual income produced by the property. UGAF offers the following ways to make such a gift while retaining an income for life.
The benefits vary, but all arrangements have the following attractive features:
- Satisfaction of providing for the University's future.
- Income for life paid to the donor and/or another beneficiary such as a spouse or another family member.
- An income tax charitable contribution deduction for the portion of the transfer that represents the gift to the Foundation.
- Elimination or deferral of some or all capital gains tax if the gift is in the form of securities or real estate that has appreciated in value.
- Potential for increased income.
- Assets are professionally managed for the donor.
- Reduction or elimination of estate and inheritance taxes.