What are “planned gifts,” and why are they so popular?
Planned gifts include trusts, gift annuities, and bequests. When you contribute to a trust or gift annuity, you and/or your beneficiaries will receive payments for life or for a pre-specified term of years. This is an attractive option for donors who are looking for ways to provide an annual income to someone over the age of 55, while still making a substantial gift to MIT. Bequests allow donors to help MIT in the long term, while still retaining the assets during their lifetimes. All types of planned gifts provide considerable tax advantages. Read more….
