Life Income Gifts

If your estate and tax plans include making charitable gifts, receiving an income for life, reducing taxes, and possibly increasing income, you may wish to consider one of the life income gift opportunities offered by the Vermont Scholarship Fund. These life income gifts — such as charitable gift annuities and charitable remainder trusts — may be funded through a transfer of cash, stock, or other assets. Following the lifetime of the last beneficiary, the assets are transferred to the Vermont Scholarship Fund for use as you have specified.

Gift Annuity

This option is an attractive way to make a gift and retain a fixed income for the life of the beneficiary. Rates vary depending on the age of the beneficiary.

Charitable Remainder Trusts

These larger, separately managed trusts pay either fixed income or a percentage of the market value of the trust, which is valued annually. They may run for a lifetime or for a term of years.

Charitable Lead Trusts

Charitable lead trusts differ from charitable remainder trusts in that payments are made to the Vermont Scholarship Fund for a specified period of time. At the end of this period, the assets are transferred back to you or your named beneficiary.

Gift of Life Tenancy

You may make a gift of a personal residence, second home, or farm to the Vermont Scholarship Fund while retaining the right to occupy the premises during your lifetime. Your spouse can retain the same right. A gift of life tenancy allows you to claim an immediate income tax deduction for a portion of the appraised value of the property.