Life insurance Life insurance is a leveraged gift, meaning that for a relatively small sum of money (the premium), you can produce a substantial death benefit for charity. It is a potentially valuable gift option that can be used to make charitable gifts. However, it may take years or decades before the charity receives…
A Planned giving can also be referred to as gift planning, it simple involves giving through life income gifts, such as a charitable gift annuity, deferred gift annuity, charitable remainder trust, and a gift to a pooled income fund. Planned gifts are referred to as such because they require more planning, negotiation and counsel than…
Charitable Income Tax Deduction The charitable income tax deduction is used in the year the gift is made, not in the year you begin receiving the income. The charitable income tax deduction is typically quite high, averaging about 50 to 70 percent of the gift. The charity will calculate the charitable income tax deduction…
Recognized in 1969 when they were included in the Internal Revenue Code, pooled income funds are another important gift option for donors. According to wikipedia DEFINITION it is a type of charitable mutual fund created from securities or cash donated by an individual, a family or acorporation to a charity, which is then invested…
The deferred gift annuity is a very appropriate option for donors ages 25 to 60. Like charitable gift annuity, it pays an income stream, but it also begins at a point in the future. It is a very straight forward process just like this: you make a gift, charity agrees to pay you and…
Charitable gift annuities are among the most common and popular of the planned gifts that produce a life income. Through a charitable gift annuity you make a gift to a charity and receive an income for life and, if you desire, an income for a second beneficiary. Spouses can make a joint gift providing…