Life income gifts provide an opportunity to support your charitable interests while providing you and/or a loved one an income stream for life or a specific number of years. By irrevocably transferring cash or appreciated assets to BGCF through a life income gift, you receive an immediate income tax deduction and an income stream for your designated beneficiaries.
- Charitable Remainder Trust: Cash or property is transferred to a trust, which pays one or more income beneficiaries either a fixed annual amount or a fixed percentage of the trust's fair-market value as determined each year. Upon the death of the beneficiaries, the remaining assets will create a permanent endowment fund at BGCFto support the charitable purposes you specify.
- Charitable Gift Annuity: Cash or other property is contributed to BGCF in exchange for a commitment to pay the donor or other income beneficiaries a specified annual amount for life. At the death of the last annuitant, the remaining assets will be used to create a permanent endowment to support the charitable purpose you have specified.
- Retained Life Estate: You can contribute to a private residence, vacation home or farm while retaining the right to live in and use the property. You receive a charitable deduction in the year the gift was made.
- Charitable Lead Trust: The charitable lead trust provides income to BGCF for a specific period of time, then distributes the assets to the donor or other heirs. This type of gift can provide significant estate and/or gift tax savings.
Return to Growing Your Fund |
