Life Income Gifts
A Win-Win Proposition. By arranging a life income gift—either a charitable gift annuity or charitable remainder trust—you can provide lifetime security to you and your loved ones as well as tax benefits for you and your estate.
With the enactment of the SECURE 2.0 Act of 2022, a 70 1/2 year old with an individual retirement account may find that using their qualified charitable distribution to fund a life income gift is a Win-Win-Win proposition. Click here for more information.
Charitable Gift Annuities
With a Charitable Gift Annuity you can make a gift to Bowdoin and receive income for life. With this type of gift, you can arrange to receive income payments quarterly starting immediately or you can defer the start of payments to a date at least 1 year from the date of your gift. You can also establish a schedule of dates providing flexibility as to the payment start date. After your lifetime, any remainder passes to Bowdoin.
Charitable Remainder Trusts
Charitable Remainder Trusts (CRTs) are irrevocable trusts with two separate interests: an income interest that provides the donor and/or one or more beneficiaries designated by the donor with fixed or variable payments for life or a term of years; and the remaining interest in the property that Bowdoin (and possibly other charities) will receive when the income interest stops.
Calculate Your Benefits
Submit a few details and see how a life income gift can help you.
Bowdoin Pines Society
When you provide for Bowdoin through a life income gift, you will be welcomed into the Bowdoin Pines Society.
For More Certainty In Your Retirement (New York Times, February, 2023)
The Baby Boom Bond Dilemma (New York Times, October 2020, updated August 2021)
*Articles requires NYTimes account, registration is free.
Some states regulate gift annuities. For more information, visit the American Council on Gift Annuities website.
Please note that we are prohibited from giving legal or financial advice and none of the information above should be interpreted as such. We encourage you to consult with your own legal counsel or financial advisor before deciding whether or not to proceed with a gift.