| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | ||
Outright Gift | Endowed Major Gift | Donor Advised Fund | Charitable Remainder Trust | Charitable Lead Trust | Charitable Gift Annuity Contract(1) | Pooled Income Fund Trust(1) | Life Estate Agreement | Charitable Living Trust | ||
1 | Common Acronyms | DAF | CRT, CRUT, CRAT, NIMCRUT | CLT, CLAT, CLUT | CGA | PIF | ||||
2 | Minimum | $10,000 | $25,000 | $10,000 | $150,000 | $150,000 | $10,000 | $10,000 | $100,000 | $150,000 |
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4 | Partial Description | Supports a charity today | Provides permanent income to a charity | Makes many grants over time to multiple charities | Income to donor during life. Remainder to charity at death | Income to charity for period of years. Remainder to donor or family. | Fixed income to donor for life. Donor unsecured general creditor of charity. | Interest & dividends to donor for life with remainder to charity | Donor uses home/farm for life. Property passes to charity at death. | Regular revocable living trust where remainder goes to charity. May convert to CRT |
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | ||
Outright Gift | Endowed Major Gift | Donor Advised Fund | Charitable Remainder Trust | Charitable Lead Trust | Charitable Gift Annuity Contract(1) | Pooled Income Fund Trust(1) | Life Estate Agreement | Charitable Living Trust | ||
5 | Current Income Tax Deduct(2) | 100% | 100% | 100% | Partial | None | Partial | Partial | Partial | Partial if converted to CRT |
6 | Gift/Estate Tax Deduction | 100% | 100% | 100% | 100% for Spouses | Depends | 100% for Spouses | 100% for Spouses | 100% | 100% for Spouses |
7 | Avoid capital gain tax on sale of funding asset |
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| Partial | Yes, if converted to CRT | |
8 | Investment activity tax exempt |
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| Yes, if converted to CRT | ||
9 | Able to coordinate with Donor restricted fund | n/a |
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1) Gift annuity contracts and pooled income funds are "issued" by the particular charity that benefits from them. Not all charities have these gifting devices.
(2) Even though a particular kind of gift is 100% deductible for income tax purposes, there are limits as to how much a taxpayer may deduct in one year. In general, the limitation on gifts of cash to public charities is 50% of one's adjusted gross income, with a five year carry forward. Or to put it differently, one may deduct up to 50% of one's cumulative, 6-year adjusted gross income. For gifts of long-term appreciated assets, the limitation is 30% instead of 50%. There are other significant rules to be aware of in tax planning, so be sure to check with your tax advisors.