Gifts that Provide Income

Gifts that Provide Income

A Charitable Remainder Trust (CRT), Charitable Lead Trust (CLT) and Charitable Gift Annuity (CGA) are all ways you can support The Henry Ford's mission while receiving financial benefits. A CRT allows you to receive income from the trust for a set period of time or for life, with the remaining assets benefiting The Henry Ford after the income term ends. A CLT provides income to The Henry Ford for a specified time period, with the remaining assets going to you or your beneficiaries. A CGA involves giving a gift to The Henry Ford in exchange for fixed income for life or a term, with the remainder going to The Henry Ford upon your passing. You may choose these options to help preserve and promote American innovation, history and education while receiving potential income tax advantages and the satisfaction of leaving a lasting legacy at The Henry Ford.

Please note, there is a $10,000 minimum threshold for Charitable Gift Annuities.

An Example of How It Works:

Dennis, 66, and Mary, 65, want to make a contribution to The Henry Ford but they also want to ensure that they have dependable income during their retirement years. They establish a $20,000 charitable gift annuity.

Based on their ages, they will receive a payment rate of 5.1%, which means that they will receive $1,020 each year for the remainder of their lives. They’re also eligible for a federal income tax charitable deduction of $6,402* when they itemize. Finally, they know that after their lifetimes, the remaining amount will be used to support The Henry Ford's mission.

*Based on a 5.1% charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.