You may wish to make a substantial gift to Keene State College but feel you cannot afford to give up the annual income produced by the asset. Our income gift program offers several ways to help you make such a gift, while retaining an income.

The benefits to you, the donor, vary, but all these arrangements have one or more of the following attractive features:

Income for life paid to you and/or another beneficiary
Increased income
An immediate federal income tax deduction
Elimination of capital gains tax

We will be pleased to discuss with you and your advisers any of the following income gift opportunities:

Charitable Gift Annuity
Charitable Remainder Trust
Pooled Income Fund

Charitable Gift Annuity

Perhaps the simplest gift arrangement, a Charitable Gift Annuity is a contract between Keene State and the donor, providing for the payment of life income at a fixed rate. The donor receives an income tax deduction in the year of the gift, subject to the usual rules of deductibility.

The annuity has an attractive provision for the taxation of the income: a portion of each payment is treated by the IRS as the nontaxable return of the donor’s principal; another portion is taxed as a capital gain to the donor if the appreciated assets are contributed; and the balance is taxed as ordinary income.

The Dr. “Doc” Bartlett C. Swett ’56 Story

Charitable Remainder Trust

Charitable Remainder Trusts make it possible for you to make a significant charitable gift, while enjoying a number of tax and other financial benefits. Through the use a charitable remainder trust you may be able to achieve one or more of the following:

• increased income
• reduction or elimination of income, estate and gift taxes
• diversification of investment assetsTwo trust options are available to you:Charitable Remainder UnitrustThis individual trust pays the donor a variable annual income. Income may be paid quarterly, semi-annually, or annually, at the donor’s option. Keene State may serve as trustee, or an independent trustee may be selected.

  The Barbara A. Peterson ’48 Story

  Charitable Remainder Annuity Trust

  This is the same type of gift vehicle as the unitrust, except that the income payment is a fixed dollar amount when the gift is established.

  Because the income will not vary, the annuity trust is attractive to donors seeking secure and stable future income. Also, because the donor will not have the benefit of possible future increases in the value of the trust principal, an annuity trust will generate a larger charitable deduction than a unitrust established in the same amount.

Pooled Income Fund

One way Keene State College has to offer a strong financial base in the future is the Keene State College Pooled Income Fund. You may be able to ensure a strong financial future for Keene State.

The concept is simple. You irrevocably transfer cash or securities, in the amount you designate, to the pooled income fund (like a mutual fund). The fund then pays income to you or to any beneficiary you choose for life. After the life income beneficiary dies, the remainder of the mutual fund is transferred to Keene State College. The income tax deduction is based upon the value of the calculated gift remainder.

The Irene “Sally” (Szalajeska) Cid ’36 Story