Comparing Planned Giving Options

To facilitate your client discussions, we’ve prepared a summary of the advantages and disadvantages of bequests, annuities and trusts. Downloadable brochures on Charitable Lead Trusts and Charitable Remainder Trusts are also available for your use.

Comparisons of Planned Gifts
 BequestCharitable Gift AnnuityCharitable Remainder TrustCharitable Lead Trust
Revocable yes no no no
Minimum gift amounts None $10,000 $100,000 $1 million
Appropriate assets that can be used Virtually any Typically cash or marketable assets Virtually any Virtually any
Tax benefits possible Estate Income and estate Income and estate Possibly income and estate (depending on how the trust is structured)
Will this gift create a stream of payments to one or more individuals? No Yes (at a percentage determined by the age of the recipients) Yes (at a pre-negotiated percentage) No (However, this gift does allow for the transfer of property to one or more recipients with possible tax savings.)
Can additional gifts be made? yes no Yes (only in the unitrust type) Yes (only in the unitrust type)
Age limits to creating None Payment beneficiaries must be at least 60. Payment beneficiaries must be at least 60. Trust may also be based on a term of years. Calculating ages must be at least 60. Trust may also be based on a fixed term of years.
Fees/applicable costs (other than personal legal expenses) None None Up to $1,000 for administrative purposes Up to $1,000 for administrative purposes