The payout rates offered for charitable gift annuities shall not exceed the rates recommended by the American Council on Gift Annuities. The Vice President for Finance (or designee), in consultation with the Vice President for Institutional Advancement (or designee), shall approve exceptions to the guidelines on a case-by-case basis.
Charitable remainder figures associated with life income agreements must be in keeping with IRS regulations regarding the requisite percentage of the face value of the gift at the time of funding.
Charitable Remainder Trusts are gift vehicles that provide an annual income to donors or their designees and may provide them with an immediate tax deduction and avoidance of capital gain tax at the time that the gift is funded. Donors may choose to receive either a variable annual income in the form of a Charitable Remainder Unitrust (CRUT) or a fixed annual income in the form of a Charitable Remainder
Annuity Trust (CRAT). Other charitable remainder trust vehicles, including but not limited to net income and flip trusts, will be considered by the University on a case-by-case basis.
The University/KSU Foundation will only act as trustee of a Charitable Remainder Trust when it is named the irrevocable remainder beneficiary.
In the case where trusts are administered by organizations other than the University/KSU Foundation, the University/KSU Foundation encourages submission of annual statements showing the trust’s value.
The value of the assets in trust shall be included in the University’s gift totals for the year, provided the University has an irrevocable right to all or a predetermined portion of the income or remainder interest.
A charitable trust established through an entity other than the University/KSU Foundation where the donor reserves the right to change, modify, substitute or add