{"id":1240,"date":"2025-09-23T18:11:20","date_gmt":"2025-09-23T18:11:20","guid":{"rendered":"https:\/\/www.clarku.edu\/alumni\/?page_id=1240"},"modified":"2025-11-14T17:05:48","modified_gmt":"2025-11-14T17:05:48","slug":"gifts-you-can-make-now","status":"publish","type":"page","link":"https:\/\/www.clarku.edu\/alumni\/planned-giving\/gifts-you-can-make-now\/","title":{"rendered":"Gifts You Can Make Now"},"content":{"rendered":"\n
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No matter what you choose, rest assured that your gift will help build and sustain the scholarship and research of Clark students and faculty for years to come.<\/p>\n<\/div>\n<\/div>\n\n\n\n

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By giving to Clark University, you can reduce your income and capital gains taxes now \u2014 and possibly save estate taxes later. Some gifts can provide you with income for your lifetime; others can help you pass assets to your heirs tax-free. Gifts can range from charitable gift annuities and charitable remainder trusts to IRA charitable rollovers and paid-up life insurance policies.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n

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Types of planned gifts include:<\/h2>\n\n\n\n
IRA qualified charitable distribution<\/summary>\n

If you are age 70.5 or older, you can make direct tax-free transfers from your IRA account to Clark. These gifts count toward your required minimum distribution and may reduce your federal and state income taxes.<\/p>\n\n\n\n

70.5 is the age where further options are available to you. 73.5 is the deadline to take your RMD. Please consult a financial advisor for further information.<\/strong><\/p>\n<\/details>\n\n\n\n

Gifts of appreciated securities<\/summary>\n

Making a gift of appreciated securities can help you avoid capital gains taxes and generate a charitable income tax deduction, stretching your charitable dollars further.<\/p>\n<\/details>\n\n\n\n

Donor-advised funds<\/summary>\n

Create a philanthropic spending account that allows you to time your giving \u2014 and your charitable deductions \u2014 to maximize your tax savings.<\/p>\n<\/details>\n\n\n\n

Charitable gift annuity<\/summary>\n

Make a gift to Clark and receive fixed payments for life. The payout rate is based on your age at the time you establish the annuity, the minimum age is 60. CGAs can provide partially tax-free income, a charitable deduction in the year you make the gift, and potential capital gains tax savings if funded with appreciated assets. <\/p>\n\n\n\n

We also accept deferred charitable gift annuities with a minimum age of 40. <\/p>\n\n\n\n

Clark\u2019s minimum amount to start a CGA starts at $50,000. <\/p>\n<\/details>\n\n\n\n

Charitable remainder trust<\/summary>\n

Transfer assets to a trust that pays income to you or loved ones for life at 50 years or older, or a term of years, with the remainder going to Clark. CRTs can help reduce capital gains taxes, generate income, and provide a charitable deduction. You may choose a fixed (annuity trust) or variable (unitrust) payout. <\/p>\n\n\n\n

Clark\u2019s minimum amount to start a CRT is $50,000. Clark is willing to serve as Trustee, provided certain conditions are met. <\/p>\n<\/details>\n\n\n\n

Charitable lead annuity trust<\/summary>\n

Provide immediate support to Clark for a set period through trust income, after which the remaining trust assets return to you or your heirs. CLTs can significantly reduce estate and gift taxes while supporting Clark\u2019s mission during the trust term. <\/p>\n\n\n\n

Clark\u2019s minimum amount to start a CLT is $100,000. However, the University will not serve as Trustee, only as a beneficiary. <\/p>\n<\/details>\n\n\n\n

Gifts of illiquid assets<\/summary>\n

Assets other than cash or stocks can make great gifts to Clark \u2014 particularly if they\u2019re no longer of use to you. Clark may be able to accept:<\/p>\n\n\n\n