Give Back to Kent and Reduce Capital Gains

Offset higher capital gains taxes with a Charitable Gift Annuity or Trust funded with appreciated stock

If your taxable income exceeds $400,000 to $450,000, your tax rate this year for capital gains and dividends is rising from 15% to 20%. If your income is less than the threshold it remains at 15%; and if you're in the 10 to 15% tax brackets, you'll pay no tax on your capital gains or dividends.

If you're facing the higher gains tax, would like a guaranteed income, and want to include Kent State in your estate plans, a Charitable Gift Annuity or Trust may be the answer. If you fund a Charitable Trust with appreciated stock, all capital gains tax is avoided; and if you fund a Charitable Gift Annuity with appreciated stock, you'll bypass a portion of the capital gains tax. An added benefit of funding either gift option is that you'll receive an immediate charitable income tax deduction.

With a Charitable Gift Annuity, you or you and another person are entitled to a guaranteed lifetime income at a rate based on your ages(s). A good portion of the annual payment is free of tax, and payments can be made annually, semi-annually or quarterly. A minimum of $10,000 is needed to fund this gift.

Charitable Remainder Trusts can be set up to pay income to one or more persons, and the income fluctuates with market conditions. A minimum of $50,000 is needed to fund this gift. Trusts can be for lifetimes or a period of up to 20 years.

To learn more about gift annuities and trusts, contact the Center for Gift and Estate Planning at www.kentstatelegacy.org, call 330-672-0421 or email giftplan@kent.edu.

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