Lifetime gifts

 Charitable remainder annuity trust

Like a gift annuity, an annuity trust makes fixed payments. Bluffton has partnered with the Mennonite Foundation to issue charitable remainder annuity trusts with gifts of $100,000 or more.

Each year, the trustee provides a fixed dollar amount to one or more income beneficiaries named by you. The payments must be at least 5 percent of the trust's initial value and are made out of trust income, or trust principal if income is not adequate. Bluffton's development office in conjunction with the Mennonite Foundation can help you determine which gift vehicle is best for your particular situation.

When you establish an annuity trust, you receive an immediate income tax deduction for a portion of the gift, and this deduction can be used over as many as six consecutive tax years. If your gift is funded with appreciated assets, you can also reduce your capital gains liability

If you have questions please contact a Bluffton development officer to run a charitable remainder annuity trust illustration or you may run an illustration yourself using the gift planning calculator from the Mennonite Foundation - an Affiliate of Everence.