Gift Benefit Comparison Chart

Whatever your philanthropic goals, there may be a planned gift to help you meet them while also benefiting Colby. Please review this comparison chart to find the gift that best suits your needs and circumstances.

Type of GiftBenefit to YouBenefit to Colby
Outright Gift
  • usually fully tax-deductible, subject to limitations
funds are available for immediate use
Charitable Gift Annuity
  • guaranteed fixed income
  • immediate tax deduction
  • favorable tax treatment of annuity payments
assures future funding of the designated purpose
Deferred Payment Charitable Gift Annuity
  • guaranteed fixed income
  • immediate tax deduction
  • payments begin on date you specify
assures future funding of the designated purpose
Flexible Gift Annuity
  • guaranteed fixed income
  • immediate tax deduction
  • payments begin within a date range you specify when you make the gift
  • you need not specify a date until you want to begin receiving payments
assures future funding of the designated purpose
Charitable Remainder Unitrust
  • variable income that may provide hedge against future inflation
  • immediate tax deduction
  • avoidance of capital gains tax liability
  • permits more than two income beneficiaries
  • allows deferred income
assures substantial future funding of the designated purpose
Colby could use as collateral for a loan
Charitable Remainder Annuity Trust
  • fixed income
  • immediate tax deduction
  • avoidance of capital gains tax liability on gifts of appreciated property
  • may provide tax-free income
assures substantial future funding of the designated purpose
Colby could use as collateral for a loan
Charitable Lead Trust
  • freezes value of assets contributed for gift and estate tax purposes
  • passes assets along to heirs free of any additional tax
provides steady flow of income for a period of years
Revocable Trust
  • all or part of the trust is available to the donor
  • may relieve donor of asset management responsibilities
a high percentage of revocable trusts are never revoked, giving promise of future funding to Colby
Will Provision
  • estate tax charitable deduction
  • may reduce estate taxes
  • may increase size of estate available to heirs
a high percentage of will provisions are never revoked, giving promise of future funding to Colby
Gifts of Insurance
If Colby is made the owner and beneficiary of a permanent policy
  • immediate tax deduction for value of the policy
  • future premium payments may be deducted as gifts
assures substantial future funding of the designated purpose; Colby may also borrow against the policy or cash it in
If the gift is a paid-up policy
  • immediate tax deduction for value of the policy
assures substantial future funding of the designated purpose; Colby may also borrow against the policy or cash it in
If Colby is the beneficiary but not the owner
  • no tax deduction, but this enables you to leverage your gift substantially
  • you may change the beneficiary later
  • you may borrow against the policy later
assures substantial future funding of the designated purpose; Colby may also borrow against the policy or cash it in

Assets Chart

Type of GiftFunded WithLimits
Outright Gift
  • cash
  • appreciated securities
  • closely held securities
  • real estate
  • personal property
no minimums or maximums
Charitable Gift Annuity
  • cash
  • securities
  • some closely held securities
$10,000 minimum
Deferred Payment Charitable Gift Annuity
  • cash
  • securities
  • some closely held securities
$10,000 minimum
Flexible Gift Annuity
  • cash
  • securities
  • some closely held securities
$10,000 minimum
Charitable Remainder Unitrust
  • cash
  • appreciated securities
  • closely held securities
  • real estate
  • some other assets
$100,000 minimum
Charitable Remainder Annuity Trust
  • cash
  • appreciated securities
  • closely held securities
$100,000 minimum (usually)
Charitable Lead Trust
  • cash
  • appreciated securities
  • closely held securities
  • real estate
$100,000 or more (usually)
Revocable Trust
  • cash
  • appreciated securities
  • closely held securities
  • real estate
$100,000 minimum (usually)
Will Provision
  • cash
  • appreciated securities
  • real estate
  • personal property
no minimum or maximum
Retirement Plan Beneficiary Designation
  • retirement fund
unlimited
Gifts of Insurance
unlimited

For more information or a personalized illustration, please contact the Office of Gift Planning by telephone at 800-809-0103, or email at giftplanning@colby.edu. Please also feel welcome to submit your inquiry through the online request form.

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