Your Charitable Goals CARE's life income plans provide you with a variety of opportunities to make a gift to CARE while receiving payments for life and valuable tax savings. CARE offers a choice of life income plans which can provide you with fixed or variable payments. You transfer cash, stocks, bonds, or real property to CARE and receive guaranteed payments for the rest of your life. The amount of each payment is determined by your age at the time the annuity is initially funded. These payments will never change.
Payments can begin immediately or be deferred until the future to supplement a retirement plan.
You receive an immediate charitable income tax deduction for the gift portion of the annuity and part of each payment is a tax-free return of principal. Your gift is combined with the gifts of others and the principal is invested jointly. Each year you will receive a pro rata share of the fund's earnings. You will receive an income tax deduction at the time of the gift. The charitable remainder unitrust is a popular trust that allows you to receive an income for life.