Gifts That Pay You Income - Utica University

Gifts That Pay You Income

With these options, your gift can empower students to achieve their career and life goals while also providing you with income.

Charitable Gift Annuities

Charitable Gift Annuities (CGAs) are a great way to make a lasting difference for future generations of Utica University learners while receiving tax-favorable income for you, your spouse, and your children. Many supporters like charitable gift annuities because of their attractive payout rates and their significant impact.

Benefits to you include:

Payments can be made as you prefer on an annual, quarterly or monthly basis.

A portion of the payout will be tax-free.

You receive an immediate tax receipt for a portion of your gift.

Your gift passes to Utica University outside of the estate process.

You create your legacy of creating innovative and experiential learning opportunities.

Charitable Remainder Trusts

Income for life for you and your family while reducing your taxes and supporting Utica University.

By using assets or cash to fund the trust, you receive income and an income tax credit the year in which you transfer your assets. The remaining portion of the trust, after all payments have been made, comes to Utica University.

Benefits to you include:

You receive income for life for you or your heirs.

You receive a charitable income tax credit for the charitable portion of the trust.

You create your legacy of creating an equitable, respectful, and inclusive learning environment at Utica University.

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