Pooled Income Fund

Pooled Growth Fund

Charitable Gift Annuity

Deferred Gift Annuity

Charitable Remainder Trusts

Charitable Lead Trusts

Unitrust

Annuity Trust

Unitrust

Annuity Trust

Minimum Initial Gift

$5,000; $1,000 additional gifts

$10,000

$100,000

$1,000,000

Suggested Funding Assets

Cash; appreciated securities

Cash; appreciated securities; real estate

Cash; appreciated or closely held securities; real estate

Cash; appreciated securities

Cash; securities (low appreciation); business; real estate

Structure

Income to beneficiary(-ies) for life; principal to Bates at death

Income to beneficiary(-ies) for life or term of years; principal to Bates at death or expiration of term

Income to Bates for life or term of years; principal to designated beneficiary(-ies) at death or expiration of term

Income Stream

Variable; donor’s share of current earnings, based on size of gift and performance of the fund

Fixed; dollar amount determined by age(s) of annuitant(s)

Fixed; dollar amount determined by age(s) of annuitant(s) and length of deferral period

Fixed percentage of the varying market value (at least 5%); percent agreed upon by donor and Bates

Fixed dollar amount; percent agreed upon by donor and Bates

Fixed percentage of the varying market value; percent agreed upon by donor and Bates

Fixed dollar amount; percent agreed upon by donor and Bates

Frequency

Quarterly

Quarterly, annually or semi-annually

Investment Strategy

Primarily invested in fixed income vehicles

Primarily invested in growth stocks; payout grows over time

Pooled and invested based on average age of donor pool

Invested based on donor specific stragegies

Taxation of Income

Taxable as ordinary income

Part taxable as ordinary income; part tax free; part can be taxed as capital gains

Depends on characteristics of income earned

Trust pays tax on income at trust rates; payments are tax deductible

Charitable Income Tax Deduction

Based on market value of gift assets, rate of return, and age(s) of beneficiary(-ies) (net present value); deductions may be used each year in an amount up to 50% of adjusted gross income for gifts of cash and up to 30% of adjusted gross for gifts of long-term appreciated assets, with a five-year carryover for any “excess.”