Gifts in Partnership

 

Charitable Gift Annuities

    • Immediate
      • Transferred cash, annuities, or property are invested and provide payments to you or up to two annuitants either for life or a fixed period of years, at the end of which the principal passes to PVI.
      • Receive an immediate income tax deduction for a portion of your gift.
      • Annuity payments are guaranteed for life, backed by a reserve and the assets of PVI.
      • Annuity payments may be treated as part ordinary income, part capital gains income (15%), and part tax-free income, depending on the assets used to fund the annuity.
    • Deferred
      • Transferred cash, annuities, or property are invested and, a later date of your choosing such as retirement, provide payments to you or up to two annuitants either for life or a fixed period of years, at the end of which the principal passes to PVI.
      • You can postpone your annuity payments until you need them, such as when you reach retirement or when a grandchild begins his or her college education.
      • The longer you defer your payments, the higher the effective rate you will receive. In the meantime, the principal grows tax-free.

Charitable Lead Trusts

    • Transferred cash, annuities, or property are invested and provide fixed payments to PVI for the duration of your life or a fixed period of time, at the end of which the principal passes to your heirs.
    • Qualify for a gift tax deduction for the present value of the annuity payments to PVI.
    • Annuity payments and the term of the trust can be specified in such a way so as to reduce or even eliminate the transfer taxes due when the principal reverts to your heirs.
    • All appreciation that takes place in the trust goes tax-free to your heirs.
    • Ability to use your available estate tax credit to further reduce taxes on transfers to your heirs.

     Charitable Remainder Annuity Trusts 

      • Transferred cash, annuities, or property are placed in a trust that makes fixed annual payments to you or anyone you name. When the trust ends, the principal passes to PVI.
      • Receive an immediate income tax deduction for a portion of your contribution to the trust.
      • Pay no immediate capital gains tax on any appreciated assets you donate.
      • A portion of the capital gains tax is spread over your life expectancy.
      • You or your designated income beneficiaries receive stable, predictable payments for life or a term of years.

      Charitable Remainder Unitrusts

        • Transferred cash, securities, or other appreciated property is placed into a trust which pays a percentage of the market value of the assets re-valued annually to you or beneficiaries you name. When the trust ends, PVI received the principal.
        • Receive an immediate income tax deduction for a portion of your contribution to the trust.
        • Pay no capital gains tax on appreciated assets you donate.
        • Income for life or a term of years for you or your designated beneficiary.
        • You can make additional gifts to the trust as your circumstances allow and qualify for additional tax deductions.

        Retained Life Estates

          • Transferred home, farm, or vacation property is held by PVI while you continue to live in the property for life or a term of years, holding responsibility for all upkeep and taxes. At the end of your estate, the property passes to PVI.
          • Receive gift credit and an immediate income tax deduction for a portion of the appraised value of your property.
          • Option to terminate your life estate at any time and take an additional income tax deduction.