Trained staff members are available to assist you in preparing additional guidelines for your gift. A way to give and receive A life income agreement can take several forms, depending on your particular circumstances. All forms allow you to make a large gift to the Foundation at a modest cost to yourself and without reducing your present income. In many instances, you may be able to increase your income. You may give property cash, securities, mutual funds, real property to the Foundation under an arrangement whereby the Foundation invests the property and pays you the income for your life.
Some restrictions apply.
Gift annuities, unitrusts, annuity trusts, deferred payment gift annuities, and pooled income funds are five of the life income agreements that can be made with the Foundation. Each type of life income agreement provides you with a current income tax deduction. The deduction is based on a number of factors including a federal discount rate, which changes monthly. You will avoid capital gains taxes on the appreciation of the assets which fund the agreement. In most cases, you will avoid estate taxes on assets transferred to a life income agreement.