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.

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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.

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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.

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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).

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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.

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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.

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Donor Advised Fund

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


Next Steps

  1. Contact us at (352) 588-8415 or for additional information about making a gift to Saint Leo University.

  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 County Road 52, Saint Leo, FL 33574
Federal Tax ID Number: 59-1237047

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.