Planned Gifts That Pay You Income
The plans described here all have one substantial advantage over investment vehicles you read about elsewhere: These plans produce generous gifts to FAIR. So, while you will receive income for life or a set period of time, you can provide for yourself and FAIR today.
- An additional source of lifetime income for you, your spouse, or other significant persons.
- A potential increase in the income you are currently receiving from your investments.
- An immediate tax deduction for a portion of your gift.
- No capital gains tax due at the transfer of appreciated assets to your gift plan.
Charitable Gift Annuities (coming soon)
Charitable Remainder Trust
A charitable remainder trust (CRT) is an irrevocable trust designed to convert highly appreciated assets into a lifetime income stream without generating estate and capital gains taxes. When the trust ends, the remaining assets pass to FAIR. In exchange for a gift, a CRT can provide income to you, you and your spouse, or your entire family for life or for a specified period of years. Payments can be fixed or variable, based on the year-end market value of the trust.
Charitable Lead Trust
Are you someone who wishes to make a gift but retain the property in your family? A charitable lead trust (CLT) may appeal to you. You can establish a lead trust that provides income to FAIR over a set period. At the end of the trust term, the assets either are returned to you or distributed among your family. One key advantage of this type of gift is that it can significantly reduce or even eliminate gift or real estate taxes.
Please consult your attorney, accountant, or other tax advisor for the planned giving instrument that works best for you and your family.