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By offering a wide variety of life income gift arrangements, the College provides meaningful income to people who need extra financial support during their lives. In many cases, a significant portion of the future income from a gift annuity is tax-free. That support can make a real difference for the family members, close friends, former teachers, and retired caregivers who are among the hundreds of people now receiving a check from Wellesley every 90 days.
For more information, please call or e-mail Peter V.K. Doyle, Director of Planned Giving, at 800-253-8916 or pg@wellesley.edu
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"I was self-employed and decided that this was a way to establish my own pension plan. To be able to move from stocks to bonds without having to sell or lose anything, I rebalanced my portfolio in the direction that an older person should. So this was a really fortunate thing. The fact that I can give back to Wellesley while I benefit in return is amazing."
Marylin Chu Chou '55 has been an active alumna volunteer in many capacities, from fund-raising to helping with Reunions for the Class of 1955. As a self-employed professional, she did not have access to some of the conventional options for pension programs, so she decided to include Wellesley College as a financial planning partner, establishing annuities and pooled income funds as ways to create income streams that will help sustain her retirement.
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Resources Home >
Ways to Give >
Kinds of Gifts >
Planned Gifts >
Life Income Gifts
Charitable Gift Annuities
In exchange for $10,000 or more, the College agrees to provide you, or someone you love, with a guaranteed income for life.
Features of a Charitable Gift Annuity
- Support for Wellesley College
- Fixed income for life (a portion of which may be tax-free)
- Backed by the assets of Wellesley College
- An immediate income tax deduction for a portion of your gift (in the year of the gift)
Pooled Income Funds
Offering shelter from capital gains taxes and a steady stream of income, pooled income funds are ideal for people who wish to give highly appreciated securities.
Features of Pooled Income Funds
- Support for Wellesley College
- Income for the life of a beneficiary
- Choice of professionally managed funds with a variety of investment goals
- An income tax deduction for a portion of your gift (in the year of the gift)
- Avoidance of capital gains tax
Charitable Remainder Trusts
Yet another gift offering a lifelong income stream and significant tax benefits, charitable remainder trusts can be arranged for gifts of $100,000 or more.
Features of a Charitable Remainder Trust
- Support for Wellesley College
- Provides income to the donor or a beneficiary for a term of years or for life
- Favorable capital gains treatment on appreciated assets
- Provides professional asset management at no cost
- Provides a charitable income tax deduction (for a portion of the value) in the year of the gift
Planned Gifts: Life Income Gifts
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Copyright © 2002-2008 President and the Trustees of Wellesley College. All rights reserved.
Office for Resources and Public Affairs
Date Created: November 19, 2002
Date Modified: January 8, 2008
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