Receive Income for Life and Make a Future Gift

Did you know that you can make a charitable gift during your lifetime and retain an income stream from the transferred assets?  There are several ways to create these “life income gifts,” but they all share a basic structure. You irrevocably contribute cash, appreciated securities or other property to the Foundation, which then sells the property and invests the proceeds to pay an annual income to you and/or another beneficiary for life or a term of years. After the death of the last income beneficiary, the gift is held in a named endowment fund at the Foundation for the purposes you designate at the time of your initial contribution.  Capital gains tax is avoided on the transfer of the appreciated assets.

Determining the right charitable gift plan for you depends on a number of factors including your age and income needs, financial objectives and the type of assets being transferred. Each arrangement offers distinct advantages, allowing donors to tailor their gifts to meet their unique goals.