There are several ways a gift to our Rescue Mission could generate increased income for you. The most popular gift of this type is called a charitable gift annuity. A gift annuity is a simple contract in which you exchange a gift of cash or securities for a guaranteed, fixed income for life. Part of this extra income is tax-free, and you can even avoid capital gains tax by funding the gift with appreciated assets.
There are different types of gift annuities, some of which can defer payment until a later date. Like retirement. And some that will pay you and an additional beneficiary for life. In most cases, the rates paid on gift annuities are much better than you could receive from a bank CD. Best of all, the rate is based on your age at the time the annuity is established, and it will never change
Other options that can pay you back are charitable annuity trusts and charitable remainder unitrusts. Such trusts, properly structured, may permit you to make a gift, enjoy a lifetime income stream, obtain a current income-tax deduction, and avoid estate taxes on the donated assets. The idea of a trust may sound complicated, but we can show you how easy it can be to help those in need and help yourself at the same time.
If you would like to learn more about gift options that can provide supplemental income for you, call Woody Tausend today at (510) 215-4889.