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Gift Comparison Chart

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Gift Comparison Chart
  GIFT ANNUITIES UNITRUST ANNUITY TRUST
Variations Available

Immediate Payment or deferred payment; payout rate 5.5% + 

Fixed Percentage Payout; rate? 5% and up  Fixed Amount Payout; rate? 5% and up 
       
Minimun Initial Gift $5,000.00 $100,000.00 $100,000.00
       
Funding Assets Cash or Marketable Securities Cash, Marketable Securities or Real Estate Cash, Marketable Securities or Real Estate
       
Basis of Income Payment Fixed dollar amount - rate based on age Agreed fixed percentage of Unitrust's current market value Fixed dollar amount agreed upon at time of contract
       
Frequency of Payments Monthly, Quarterly or Semi-Annually Monthly, Quarterly or Semi-Annually Monthly, Quarterly or Semi-Annually
       
Taxation of Payments A portion of income is tax-free May be taxable as ordinary income, capital gain, and/or tax-free May be taxable as ordinary income, capital gain, and/or tax fre
       
Charitable Income Tax Deduction Portion of principal based on value of assets, rate of return and age of beneficiaries* Portion of principal based on value of assets, rate of return and age of beneficiaries* Portion of principal based on value of assets, rate of return and age of beneficiares*
       
Additional Gifts Can be made by establishing additional gift annuity contracts Additional transfers can be made during donor's life or by Will Can establish additional annuity trusts

* Deductions must be used in year of gift, deducting up to 50% of adjusted gross income for gifts made in cash; or up to 30% of adjusted gross income for gifts of long-term appreciated assets, with a five-year carryover for any excess.

For additional information, please contact:

Michael Afflitto, CAP®
Director of Planned Giving

Southern New England Division
855 Asylum Avenue
Hartford, CT 06105
Toll Free: 1-888-468-5356
Tel: 860-702-0070 Direct
Email: Michael.Afflitto@use.salvationarmy.org

 


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