Tools
Annuity Rate Schedule
A charitable gift annuity (CGA) is a contract between you and Beloit College. In exchange for a contribution of cash or marketable securities, the College promises to make fixed and guaranteed payments for life to you or to a beneficiary you choose. The annuity Beloit pays depends on the age of the annuitant, in accordance with the rate schedule recommended by the American Council of Gift Annuities. Charitable gift annuities offer a way for you to make a large gift to Beloit College during your lifetime while also receiving current tax and income benefits.
Minimum gift size: $10,000. Read more
Remainder Trusts are planned gifts that enable you to support Beloit College while providing an income to yourself or another person for life or for a specified term of years. At the death of the surviving beneficiary, the remaining principal in the trust goes to Beloit College. If Beloit College serves as trustee of your remainder trust, the assets will be managed at Mellon Private Wealth Management, at no charge to you.
When you make an irrevocable transfer of cash, stock, real estate or other property to establish a charitable remainder trust, you will receive a current year tax deduction equal to the present value of the amount the College will receive from the trust in the future. You can design a remainder trust to suit your objectives. First, you decide how much you'd like to put into the trust. Second, you determine the income you'd like to receive from the donated assets. The rate of income return you select must be at least 5 percent. Usually, the rate selected is 5 to 7 percent. The best rate for you will depend upon the number of beneficiaries you select and their ages. Third, you decide which type of charitable remainder trust will work best for you. Whether you choose an annuity trust or a unitrust will depend on your financial and charitable objectives. An annuity trust will pay you a fixed dollar amount, which works well if you want reliable income. A unitrust will pay you a variable amount equal to a fixed percentage of the net fair market value of the trust assets as recalculated yearly, providing a possible hedge against inflation.
Minimum gift size: $50,000. Read more
The Beloit College Pooled Income Fund is similar to a trust. Your gift is combined with others in a pooled fund, and you are assigned units in the fund. You and/or a person who you designate receive a proportionate share of the variable income earned by the fund each quarter. The annual yield and quarterly income payments vary from year to year based on the income earned by the fund's investments. On the death of the surviving beneficiary, a proportionate share of the pooled income fund's principal is removed from the fund and distributed to the College for the purpose you designate.
Minimum gift size: $5,000. Read more
Contact the Executive Director of Gift Planning at 800-331-4943 or 608-363-2653 if you have questions.