Ages 60-70

For the charitably inclined, certain types of gifts can provide solutions to taxing problems:

Cash, check, or credit card
A gift of cash is easy to do, and the gift is not subject to gift or estate taxation. A contribution that you postmark in December is deductible for that tax year—even if The College of Saint Rose receives it in January—provided the account against which the check was written had sufficient funds to cover it in December.

Charitable gift annuity
In exchange for your gift, The College of Saint Rose will provide payments for life to you or a beneficiary you designate.

Deferred-payment charitable gift annuity
If you are making the maximum annual contribution to your retirement account but are unsure whether there will be enough income when you retire, consider establishing a deferred-payment charitable gift annuity with The College of Saint Rose.

Charitable remainder unitrust
Provides for annual payments to the designated beneficiary(ies) of a specified percentage—at least 5 percent of the value of the trust as it is valued each year. Since the value may vary year to year, the payments may vary.

Charitable remainder annuity trust
Provides for payment of a fixed dollar amount—annually or at more frequent intervals—to the designated beneficiary(ies). The amount must equal at least 5 percent of the initial fair-market value of the trust.

Charitable bequest
If you would like to make a substantial gift to charity but you do not have the current disposable income or assets to do so now, consider a charitable bequest.