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Gifts · Events · May Foundation · Bequests & Trusts · Contact Us

Life Income Gifts
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Bequests & Trusts > Life Income Gifts

You may make a gift to the May Institute and receive lifetime income for yourself and your beneficiaries. The most common life income gifts are charitable gift annuities and charitable remainder trusts. The benefits of these gifts include:

Opportunity to generously support May Institute while increasing personal cash flow
Income tax savings if established during your lifetime
Possible estate tax savings
Partial or complete bypass of capital gains tax when you fund the gift with appreciated property

Charitable Gift Annuities (click here to download brochure)
A charitable gift annuity is one of the easiest and most popular ways to make a charitable gift and receive an annual income. You can fund a gift annuity with as little as $10,000. In exchange for your gift, the May Foundation will pay a specified amount to you and, if you wish, one other beneficiary for life. The payout rate is determined by your ages. See the Gift Annuity Rates table for examples of rates at specific ages. Payments are guaranteed by the assets of the Foundation. All annuitants must be at least 55 years old when payments begin. Payments can be made quarterly, semiannually, or annually.

Current Annuity Rates
A gift annuity is one way you can make a future gift, receive a fixed income for life, and receive an income tax deduction at the time of the gift. Annuity rates are a percentage of the value of your gift and are determined by your age at the time of your contribution. For example, a single person, 80 years old, will earn a 9.2 percent annual income, or $2,300, on a $25,000 annuity.

Gift Annuity Rates
(Effective January 1, 2003)

One Life		Two Lives
Age 55	5.8%	Ages 55 & 57	5.1%
Age 65	6.3%	Ages 65 & 67	5.9%
Age 75	7.3%	Ages 75 & 77	6.6%
Age 85	9.7%	Ages 85 & 87	8.3%
Age 90+	11.5%	Ages 95 & 97	11.3%

Charitable Remainder Trusts
A charitable remainder trust makes periodic payments to one or more individuals for life or for a term of years. Upon termination of the trust, the property remaining will be used for the charitable purpose you have specified. You may act as a trustee, or the Foundation can act as trustee if the May Institute is expected to receive at least $100,000 at the end of the trust. There are two types of charitable remainder trusts:

Unitrust – income fluctuates annually as a fixed percentage of the fair market value of the trust.
Annuity trust – income payments are fixed and determined when the gift is made. This is attractive to individuals who wish to avoid risk.

To find out more about making income-producing gifts, please contact
Ed Ahern at eahern@mayinstitute.org,
or call 781-437-1252.