When you make a planned gift of a charitable annuity or trust to benefit the Koch Institute at MIT, you and/or your beneficiaries will receive payments for life (or for a pre-specified term of years). This helps you provide for your family during retirement and can be a very attractive option for donors who are looking for ways to guarantee a yearly income for someone over the age of 55 – a loved one or themselves – while supporting our fight against cancer. Upon the death of the last surviving beneficiary, remaining funds are transferred to MIT and used for purposes within the Koch Institute specified by the donor.
Alternatively, you may decide that the most significant expression of your life values can be made through another form of planned giving to MIT – a charitable bequest.
1. charitable remainder trusts, which allow you to transfer assets into a trust that will provide you and/or your beneficiaries with payments for life
2. charitable gift annuities, to which you make a contribution in return for MIT's promise to pay one or two annuitants a fixed income for life
3. deferred gift annuities, which are similar to charitable gift annuities except that your payments are deferred.
To further explore the benefits of making a planned gift to MIT, please contact:
MIT's Office of Gift Planning
gift_planning@mit.edu
617-253-6463
