More than 963 life-income agreements have been established with the College. Presently over 43 million dollars is invested in life-income agreements.

You may establish this type of life income agreement with a gift of $50,000 to Lafayette. Income is paid to you and/or another beneficiary for life. After your lifetime, the remaining assets in the trust will be used by Lafayette for the purpose you have designated. There are two types of Charitable Remainder Trusts:

Charitable Remainder Unitrust
Your receive annual payments of at least 5% for your lifetime(s). Income varies each year with the fair market value of the trust.

Charitable Remainder Annuity Trust
Your income is fixed for life. A fixed rate of as least 5% is paid over your lifetime(5).

A Multiple-Remaindermen Charitable Trust enables you to name Lafayette College and other qualified charitable organizations to benefit from your gift after your lifetime. The requirements are as follows:

1. The minimum gift amount is $100,000
2. Lafayette College will receive at least 50% of the trust amount.
3. No administrative cost will be charged against the additional remaindermen's principle and/or interest earned.
4. There is no fee to the donor to establish or administer the trust.

Life income payments to you work the same way they do for Charitable Remainder Trusts described above.

Example: Mr. and Mrs. Johnson want to make gifts through a Charitable Unitrust to their colleges (Lafayette and State University) as well as to Old South Church and the American Cancer Society. They want to receive income for their lifetimes and would like to accomplish all of these goals with one trust. They establish a Unitrust through Lafayette College that will provide them with annual payouts of at least 5% of the fair market value of the trust. At the end of their lifetimes, the trust assets will be distributed to Lafayette College, State College, Old South Church, and the American Cancer Society to be used for the purposes designated by Mr. and Mrs. Johnson.

Benefits of Establishing a Charitable Remainder or Multiple-Remaindermen Trust

• Receive income for life
• Make a substantial gift to Lafayette and other charities that are meaningful to you and support the programs of your choice
• Receive a substantial charitable tax deduction in the year the gift is made
• Avoid capital gains tax on a gift of appreciated securities or appreciated property
• Remove assets from your estate
• Become a member of the Marquis Society
• Become a member of the James Madison Porter Society