For those who would like to contribute assets to the university while retaining the income those assets generate, Lawrence offers a variety of life-income gift options. In exchange for an irrevocable transfer of funds or property to the college, a donor may retain an attractive income for his or her lifetime - and for that of a loved one if desired.

Life income gifts are one way to become a member of the Legacy Circle.

Charitable Gift Annuities

This gift of cash or other assets pays a fixed percentage of its value as lifetime income to the donor. The gift guarantees a fixed annual income, as well as an immediate tax deduction on the gift. Click here for details.

Charitable Remainder Trusts

The trust, funded with cash or other assets, pays a fixed annual income (annuity trust) or annual percentage payout of the value of the trust assets (unitrust). Upon maturity, the trust assets revert to Lawrence. A tax deduction is immediate, based on rate of return and the projected life expectancy of the beneficiary. The trust is not subject to probate or estate taxes. Click here for details.