Serving as Christ’s Living Presence to North Omaha since 1915

Life Income Gifts

Some charitable gifts offer you a current tax deduction as well as income for the remainder of your life.  Charitable Gift Annuities and Charitable Trusts are two such gift vehicles.  If you are able to give an asset during your lifetime, and would like to receive an income from the value of that asset, a life income gift could be right for you.

A Charitable Gift Annuity is a contract that provides you a fixed payment in return for a current gift.  With a minimum gift of $10,000 your payment is based on your age, and whether the annuity will terminate at the time of your death or if it will pay out for both you and your spouse.  You receive a current tax deduction for a portion of the gift and a portion of the return comes to you tax-free.

To learn more about a Charitable Gift Annuity, follow the Charitable Gift Annuity link:

A Charitable Trust provides you a return based on the value of the trust.  With a minimum gift of $100,000 a Charitable Trust is a great vehicle to bypass capital gains taxes on appreciated property.  A Charitable Trust provides an income stream for the rest of your life and, if you desire, for a period of years beyond your life for your heirs.  Since a Charitable Trust can pay out to you and/or your spouse for your lifetime, to your children for a period of up to 20 years and then pass to charity, it can often double or even triple the value of your asset.  A Charitable Trust also provides a current tax deduction for a portion of the gift.

To learn more about a Charitable Trust, follow the Charitable Remainder Trust link