Charitable Gift Annuity – A contract in which the donor irrevocably transfers cash, securities or property and St. Jude Children’s Research Hospital agrees to pay the donor (or assigned individual) a fixed sum at a set frequency for their life. There is a charitable deduction the year of the gift, and the principal assets transfer to St. Jude when the contract ends. A deferred charitable gift annuity allows the donor to receive a charitable deduction the year of the gift, but payments are deferred for at least one year.
Charitable Lead Trust – An irrevocable trust established to make annual payments to St. Jude Children’s Research Hospital for a determined number of years; at the end of the trust term the remaining assets revert back to the donor or designated individual. The person the principal reverts to can receive a charitable gift tax deduction.
Charitable Remainder Trust – An irrevocable trust that provides specified payments to the donor or one or more other individuals for a fixed period of years. Upon completion of the trust terms, the remaining assets are distributed to St. Jude Children’s Research Hospital.