Do You Know These Acronyms?

One of our goals in the planned giving department at Saint Leo University is to provide useful information to our many friends and donors. Sometimes we get carried away with the specialized lingo of the various gift instruments we offer. We thought it would be fun for you to check us out and see how successful we have been in getting our message across.

Here are six acronyms, each representing a different gift instrument. See if you can identify the words for each acronym before viewing the answer.

 

CRUT—A charitable trust that provides a variable amount of income for one or more lives (or a specified number of years) with the remainder of the trust going to one or more charities.

 Show Answer

Charitable Remainder Unitrust

 

CGA—An annuity that involves an agreement between a charity and one or two persons, requiring the charity to provide a specific amount every year to the “annuitant(s)” for life.

 Show Answer

Charitable Gift Annuity

 

PIF—A special fund provided by a charity for donors who want to contribute money not only to eventually help the charity, but also to receive income from this charitable fund.

 Show Answer

Pooled Income Fund

 

CLT—A charitable trust that provides income to the charity for a period of years after which the remainder of the trust is given back to the donor or to another person(s).

 Show Answer

Charitable Lead Trust

 

CRAT—A charitable trust that provides the donor or someone else with a fixed amount of income each year during the duration of the trust.

 Show Answer

Charitable Remainder Annuity Trust

 

DAF—A philanthropic vehicle established at a public charity allowing donors to make a charitable contribution, receive an immediate tax benefit, and then recommend grants from the fund over time.

 Show Answer

Donor Advised Fund
 

Would you like to know more about any of the gift instruments mentioned above?

 

Next Steps

  1. Contact Stephen Kubasek, director of Planned Giving, at (352) 588-8355 or stephen.kubasek@saintleo.edu for additional information on giving personal property.
  2. Seek the advice of your financial or legal advisor.
  3. If you include Saint Leo University in your plans, please use our legal name and federal tax ID.

Legal Name: Saint Leo University
Address: PO Box 6665 - MC 2227, 33701 State Road 52, Saint Leo, FL 33574
Federal Tax ID Number: Please contact us for our federal tax ID number.

 
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results.