Payments are made quarterly and continue for the rest of your life. If you wish, payments can continue for a beneficiary after your death. The principal is an irrevocable gift which will ultimately be used to support one or more aspects of the Church's ministry which you designate. The Fund will be invested to produce the highest income for you consistent with security of principal. Generally speaking, we expect the income, which will change year by year, to reflect current money market rates.
Some donors make their gift in cash.
Other securities are also acceptable as long as they are publicly traded. If they have gone down in value, you would be better off selling them, take the loss as a deduction on your tax return, and contribute the proceeds. You can claim a charitable deduction on your tax return for the year in which you make the gift. The amount of your gift. The ages of those receiving the income.