Gifts that Pay You Income

Gifts that Pay You Income

Charitable Gift Annuities

Income for life, lower taxes, and helping the next generation of students. That is what happens when you create a legacy gift through a charitable gift annuity.

You can make a substantial impact through Centra Michigan University while receiving tax-favorable income for you, your spouse, or your children. Many supporters like charitable gift annuities because of their attractive payout rates and their significant impact.

Benefits to you include:

  • Payments can be made as you prefer on an annual, quarterly or monthly basis
  • A portion of the payout will be tax-free
  • You receive an immediate tax receipt for a portion of your gift
  • Your gift passes to Central Michigan University outside of the estate process
  • You create your legacy of preparing students to become the leaders of tomorrow

Charitable Remainder Trust

Income for life for you and your family while reducing your taxes and empowering CMU students to dream big.

By using assets or cash to fund the trust, you receive income and you receive an income tax credit the year in which you transfer your assets. The remaining portion of the trust, after all payments have been made, comes to Central Michigan University.

Benefits to you include each of the following:

  • Receive income for life for you or your heirs
  • Receive a charitable income tax credit for the charitable portion of the trust
  • Create your legacy of preparing students to become the leaders of tomorrow