Life-Income Gifts

Life-income gifts provide mutual benefits to both giver and receiver. They allow donors to enjoy the benefits of an increased return on their investment income while also providing significant financial support to Carolina Day School. The various types of life-income gifts are listed below.

Charitable Gift Annuity - A donor makes a gift to Carolina Day School and in exchange receives a fixed annual dollar amount for life. The principal remaining at the donor's death passes to Carolina Day School.

Charitable Remainder Trust - A donor creates a trust, and income from the trust is paid to beneficiaries specified by the donor. Beneficiaries receive income for life or for a specified number of years, and at the end of the trust term the assets of the trust pass to Carolina Day School. There are two types of trusts:

Charitable Remainder Unitrust, in which assets can be added to the trust and the payout amount fluctuates.

Charitable Remainder Annuity Trust is similar to a Unitrust, except that beneficiaries of the annuity trust receive a fixed annual income and assets cannot be added to the trust once it has been established.

Your life-income gift with Carolina Day School qualifies you for membership in our Bell Ringers' Society, a recognition society of friends who have remembered Carolina Day School in their estate plans.