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Other Planned Giving Options
Many other planned giving options are available. Some can offer you income, others would grant Volunteers of America annual income.
Charitable Gift Annuity
This option provides guaranteed fixed income for one or two individuals for life. The annuity rate is based on the age of the beneficiaries when the annuity is funded.
Charitable Remainder Trust
A trust can be established to provide fixed income or the opportunity for income growth over time. It can operate for a term of years or the lifetime of the income beneficiaries. Unlike a gift annuity, it can provide income to more than two income beneficiaries.
Charitable Lead Trust
This trust provides annual payments to the charity of your choice. At the end of the trust term, assets within the trust pass to your heirs with little or no additional tax due.
Explore these and other options.
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Inspiration
My father used to say, “You can spend a lot of time making money. The tough time comes when you have to give it away properly.” How to give something back, that’s the tough part in life.
Lee Iacocca