Income Gifts

Income Gifts

There are several forms of smart income gifts. Two of the most popular are Charitable Gift Annuity and Charitable Remainder Trust.

Charitable Gift Annuity

A Charitable Gift Annuity (CGA) allows you to support Paradise Valley Community College and receive an income stream for life. You can give a gift of cash, stock, or appreciated assets to PVCC and receive an income tax deduction and fixed income payments for life. When a Charitable Gift Annuity is created, PVCC and MCCF pay you income for life by investing the funds.  The income payment is determined as a percentage of the original gift, based on the age of the donor, and remains consistent for the donor’s life.

Charitable gift annuities allow you to support Paradise Valley Community College students while also ensuring your own financial security.  Not only does this type of gift provide you with regular payments and allow us to further our work, but when you create a charitable gift annuity with PVCC via the Maricopa Community Colleges Foundation (MCCF) you can receive a variety of tax benefits, including a federal income tax charitable deduction when you itemize.

 

Charitable Remainder Trust

A Charitable Remainder Trust (CRT) is a Trust that allows the tax-free sale (full or partial) of an asset, business, or property while providing the donor with lifetime income, an income tax deduction today for a future gift, asset protection and potential estate tax savings. The economic benefit of saving taxes provides you with an increase in lifetime income and the opportunity to leave a meaningful gift to Paradise Valley Community College. Your attorney would create your Trust in a manner that is in line with this intent.