This variable income option pays a 5% distribution based on the value of the units purchased in the trust.
Charitable deduction averages 40% greater than a charitable remainder unitrust with the same payout rate.
Gemini I allows you to name up to ten income beneficiaries including your children and grandchildren.
Complete flexibility in ultimately distributing your gift to charity through the Charitable Gift America Donor Advised Fund. You have the freedom to name your Fund and the advisors that will determine who receives grants. You also have the option of creating an endowed fund that will last in perpetuity.
You will completely avoid capital gains tax on the transfer of appreciated assets to Gemini I. This significantly increases the number of units you can purchase since the full fair market value of your assets will be used to fund your account.
How do I open an account? Download the application booklet on the home page. Complete and send it in to Charitable Gift America via email, fax or USPS
Can I receive an illustration before opening an account? Yes! Just email us at email@example.com or call 904-395-3997.
How does Gemini I create a 5% distribution like a CRUT? Our unique relationship with Bridgeford Trust Company allows us to make distributions from a common trust fund to the Gemini Income Trust I in a consistent manner. This strategy is only available at Gemini I, and because of this, the assets in the trust have a chance to increase over time.
How does Gemini I invest it's assets? We use a total return strategy for the Fund. We can even hire your financial advisor for accounts of $500,000 and above. We encourage you to download the Disclosure Statement on the homepage for more details.
What is the minimum amount required to open an account? $5,000.
Is there any expense to open an account? None!
Can I fund an account with real estate? Yes. We have the ability to liquidate your real estate and fund your account immediately. What a great way to avoid the gains on your property!
If you are risk averse, and prefer a steady fixed income, Gemini II offers that option for you.
Gemini II creates a generous charitable deduction when funding a contract. Unlike a charitable remainder annuity trust, Gemini II qualifies for a deduction at any age.
Gemini II can pay up to two individuals a fixed lifetime payment. An ideal option for your fixed income portfolio.
You will avoid capital gains tax upon the transfer of appreciated assets. This allows the full fair market value of your assets to be used in calculating the fixed income.
Unlike a charitable remainder annuity trust, there are no legal fees or any other type of fees to establish an account. In fact, Charitable Gift America is the only provider that will complete all of the paperwork for you. Establishing an account can all be done electronically with just one click of the mouse!
Can I get an illustration before entering into a contract? Absolutely? Just go the the home page and request an illustration. There is no obligation to move forward, just a way to understand exactly what you will receive.
Do I need significant funds to start? You can establish an account for as little at $5,000 and add to it anytime.
Are my funds invested individually or pooled with other gifts? Our program pools all of the Gemini II funds together to offer greater investment opportunities and keep costs down. We encourage you to download the Disclosure Statement on the homepage for additional details.
Can I fund a contract with real estate? Of course! We have the ability to liquidate your real estate gift and fund your contract entirely with cash. This allows you to avoid the capital gains tax exposure on your appreciated property upon transfer.
Can I establish a fund to disperse the charitable gift value? Absolutely. You can establish a Fund within our Donor Advised Fund program for maximum flexibility.
Are there expenses to establish an account? None! Unlike a CRAT, there are no legal or any other type of expense to create an account, nor is there any ongoing expenses.