Gifts that Benefit Hammond and Pay You Income
| Charitable Gift Annuities |
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| A charitable gift annuity provides you with a fixed annuity payment for life in exchange for your gift of cash or marketable securities to Hammond School. The annuity amount – which can be paid for one or two lives – is based on the annuitant’s age (or ages, if two lives are involved) and the rates in effect on the date of your gift. You receive an immediate charitable income tax deduction for the gift portion of the annuity. In addition, a portion of the annual annuity payment will either be tax-free or long-term capital gain, depending on the type of property used to make the gift. Contact Hammond School for an illustration of the rates and benefits of a charitable gift annuity for you. Please contact Hammond for annuity rate information. |
| Charitable Remainder Trusts |
| A charitable remainder trust is an irrevocable trust that pays you or one or more individuals you select an income stream for life or a term of years. At the end of the trust term, the remaining assets are paid to Hammond School. The trust income can be structured in one of two ways: as a fixed annuity amount (a charitable remainder annuity trust) or a fixed percentage of the trust’s annual value (a charitable remainder unitrust). You select the income structure and distribution amount – as long as it is no less than 5% or more than 50% of the trust value – that best fits your goals. A charitable remainder trust is tax-exempt and pays no tax on its income or capital gains, making it an excellent choice for gifts of long-term appreciated property. Donors contributing appreciated property to the trust avoid capital gains on the appreciation. The payments received from the trust are taxable, however, depending on the type of income generated by the trust. |
| Annual Fund Gifts | Annual Fund Pledges | Return to Ways to Give |
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THIS IS HAMMOND THINKING AHEAD — The combination of our extensive programs, talented faculty, first class facilities, and sense of community. This is what helps us grow compassionate, articulate, and disciplined young people. — THIS IS HAMMOND.