| Type of Gift |
Benefit to Interlochen |
Benefit to You |
| Will Bequest (Click here for Example Wording for Bequest) |
Bequest could be held in perpetuity and invested to fund scholarships, go to general fund, or for special purposes. |
- Opportunity to make a perpetual gift or named gift
- Estate tax deduction
|
| Charitable Gift Annuity |
ICA receives the remainder of the original gift (estimated at around 50%). The remaining assets benefit ICA according to the donor's wishes. |
- A fixed, guaranteed lifetime income stream, a portion of which is tax-free
- Immediate income tax savings
- Immediate capital gains tax savings
|
| Insurance Policy |
ICA receives the full face value of the policy upon death of donor. |
- Income tax deduction for cash value of the policy
- Premium payments may be deducted as gifts
- Possible estate tax deductions
- Eliminate tax on accumulated dividends
|
| Charitable Remainder Annuity Trust |
Assets that are not used to pay an annuity to the donor or others benefit ICA. After the death of the last beneficiary, the remaining assets transfer to and benefit ICA. |
- Guaranteed fixed income for life
- Portion of income is tax-free
- Deferred income if desired
- Capital gains bypassed
- Receive current income tax deduction for future gift
|
| Charitable Remainder Unitrust |
Upon the death of the last surviving income beneficiary, the remaining assets benefit ICA. |
- Variable income
- Deferred income if desired
- Income and estate tax deduction and/or elimination
|
| Charitable Lead Trust |
ICA receives income from the trust which can be used according to the donor's wishes or ICA's needs for a term of years. Afterwards, the assets of the trust revert back to the donor or their heirs. |
- At the end of the trust period, principal returns to the donor or other beneficiaries
- Principal and its growth can pass to others with little or no shrinkage from taxes
- Possible income and estate tax deductions
|
| Retirement/IRA |
Significant gift upon death of donor |
- Estate and income tax due on assets are eliminated
- Total size of the estate is reduced so the estate tax percentage is reduced
|
