Life Income Plans You can make a substantial gift the Purdue School of Engineering and Technology while still earning income from the donated assets. These life income plans are some of the most flexible and fruitful options available to donors. They allow you to provide income for yourself, your heirs, or both; avoid significant capital gains and estate taxes; and satisfy your wish to make a substantial gift to the School. This is how it works: You fund the trust with a significant, irrevocable gift to the School. (The gift must be irrevocable to qualify for the federal charitable deduction.) The School through the foundation invests the gift, and you or your designee receive income for as long as you choose: for a definite term of not more than 20 years, or for the remainder of your life. At the end of that time, the remaining principal benefits the School in whatever manner you specify. You may establish a trust using assets such as real estate, stock, or cash. Funding it with appreciated long-term property enables you to protect your profit or reinvest for a higher yield, while avoiding capital gains taxes. You thereby maximize the value and the benefit of the property, both as income and as a gift. There are two basic types of life income trusts: annuity trusts and unitrusts. The annuity trust pays a fixed dollar amount, while the unitrust pays a fixed percentage. With the annuity trust, your income will be the same each year, regardless of the value of the trust. With the unitrust, your income will increase or decrease as the value of the trust itself fluctuates. Annuity Trusts Unitrusts Pooled Income Funds Charitable Gift Annuities Giving : Dean's Council | Ways to Give to PSOET | Basics | Outright Gifts | Life Income Plans | Other Planned Gift Arrangements | Wills and Estate Plans | Appreciation and Recognition For more information, please contact: Paula Jenkins, Assistant Dean for Development and External Relations Purdue School of Engineering and Technology 799 West Michigan Street Indianapolis, Indiana, 46202 (317) 274-8807 E-mail: development@engr.iupui.edu For more information about the Purdue School of Engineering and Technology, IUPUI, email etinfo. Copyright and copy 2007 Purdue School of Engineering and Technology, IUPUI 799 W. Michigan Street Indianapolis, Indiana, 46202-5160 (317) 274-2533 Questions or comments regarding this site to: Webmaster This page created by Computer Network Center