A deduction from your income tax is allowed every time you make a donation. She is not married and has no children. She wants to support her favorite museum and also plan for retirement. She keeps donating for 20 years. She will receive whatever income this amount generates.
Most large charities offer pooled income trusts.
They will be delighted to discuss it with you and help you with the paperwork. From Plan Your Estate , by Denis Clifford and Cora Jordan. Copyright 1998 by Denis Clifford and Cora Jordan. Excerpted by arrangement with Nolo Press.