Planned gifts

When you make a planned gift to MIT, you and/or your beneficiaries (age 50 and up) receive payments for life. Upon the death of the last surviving beneficiary, MIT uses the remaining funds for the purpose(s) you specified at the outset.

Charitable remainder unitrusts

An MIT unitrust pays 5 percent of its fair market value, valued annually, to up to two beneficiaries age 50 or older. The minimum to establish a unitrust is $100,000. You can fund a unitrust with cash, securities, real estate, or personal property, and add to it with subsequent gifts. Income from the trust will increase if the trust principal grows over time.

Thanks to a 2006 IRS ruling, friends who establish charitable unitrusts can now choose to invest them in the MIT endowment.

To request a personalized proposal, please use our electronic form and provide us with some basic information.

Charitable gift annuities

When you establish a gift annuity with either cash or securities, you make a contribution in exchange for MIT’s agreement to pay one or two annuitants a fixed income for life. You receive a partial income tax deduction in the year of the gift, which you can carry forward for five more years. Payments to the beneficiaries—which begin immediately—are made quarterly for life, and are backed by the full faith and credit of MIT. A portion of the income may be tax-free.

When the last annuitant passes away, MIT uses the remaining funds for the purposes you specify at the time of the gift.

The minimum contribution to fund a charitable gift annuity is $20,000. Additional gifts require the establishment of separate gift annuity agreements.

Sample one-life rates for a $50,000 charitable gift annuity

Age7075808590+
Rate5.1%5.8%6.8%7.8%9.0%
Income$2,550$2,900$3,400$3,900$4,500

To request a personalized proposal, please use our electronic form and provide us with some basic information.

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Deferred gift annuities

When you establish a deferred gift annuity with either cash or securities, you or the beneficiary you name receive(s)—

  • a fixed income for life,
  • a partial income tax deduction for the year in which the gift is made, and
  • an opportunity to defer capital gains tax.

Payments begin at a specified future date. This can be an attractive option for donors as young as age 50, who may wish to supplement future income.

To request a personalized proposal, please use our electronic form and provide us with some basic information.

Questions about charitable remainder trusts, charitable gift annuities, or deferred gift annuities can be directed to:

Judy Sager
Director, MIT Office of Gift Planning
617.253.6463
(JavaScript must be enabled to view this email address)

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