Gifts that Pay You Income

Gifts that Pay You Income

You can generate extra income for yourself, your loved ones, and your heirs when you give this special gift for Cottey – but even more importantly, you celebrate the advancement of women for generations to come. What a wonderful legacy to have!

If you’re thinking about this gift, we recommend consulting with your financial partner and with Cottey College in order to select the gift that’s right for you.

Charitable gift annuities: When you make a gift by transferring money to a charitable gift annuity you gain income for life, lower taxes, and the satisfaction of sustaining the education that creates incredible futures.

This is how you can make a substantial donation for Cottey College while you receive tax-favorable income for you, your spouse, and your children. Many supporters like charitable gift annuities because of their attractive payout rates and their significant impact.

Benefits to you include each of the following:

  • Payments can be made as you prefer on an annual, quarterly or monthly basis.
  • A portion of the payout will be tax-free.
  • You will receive an immediate tax receipt for a portion of your gift.
  • Your gift passes to Cottey College outside of the estate process.
  • You create your legacy of women’s leadership with Cottey.

Charitable Remainder Trust: This gift provides income for life for you and your family and reduces your taxes, while empowering the remarkable women who will change the world.

By using assets or cash to fund the trust, you receive income and you receive an income tax credit the year in which you transfer your assets. The remaining portion of the trust, after all payments have been made, goes to Cottey College.

Benefits to you include each of the following:

  • Receive income for life for you or your heirs
  • Receive a charitable income tax credit for the charitable portion of the trust
  • Create your legacy of women’s leadership