Gifts that Give Back

Charitable Gift Annuity

A gift annuity is an agreement between you and Perkins. In return for a gift of cash or other assets, Perkins agrees to pay a fixed payment for life to you or a friend or family member of your choosing.

Rates are based on age and currently range from 5.7% for age 60, the minimum age, to 11.3% for ages 90 and above. Rates are subject to change. Please contact us at the number below to find your rate. If you are not yet 60 years old, you may want to consider the Deferred Charitable Gift Annuity, which also offers very attractive rates of return.

You can claim a charitable tax deduction. If you fund a gift annuity with long-term capital gain property, you will only have to report some of the gain, and may be able to report it in installments over many years.

Income from a gift annuity can be deferred for a period of years. Deferred gift annuities are often set up by donors to supplement retirement income.

Charitable Remainder Trusts

Charitable Remainder Trusts are flexible vehicles that allow you to make a charitable gift but retain an income stream (for yourself and/or others) for life or a fixed number of years. At the end of the term of the trust, the remaining trust assets pass to a permanent named fund at Perkins. These trusts are particularly well suited for gifts of cash and appreciated securities or other assets such as real estate or securities producing little or no income. Because the trust is tax-exempt, it can sell the asset without incurring capital gains tax and reinvest for higher yield. This flexible gift planning strategy is best suited for gifts of $100,000 or more and can be established during life or by will.

For more information please contact:

Alleather Toure
Perkins Trust Office
175 North Beacon Street
Watertown, MA 02472
617-972-7680 or Alleather.Toure@Perkins.org
Fax: 617-972-7334