A great way to ensure steady income throughout your retirement years, charitable gift annuities are contracts that transfer cash, stocks or other assets to HEF upon your passing, giving you a steady and predictable income for the rest of your lifetime. Plus, both you and your spouse or another member of your family can also receive payments for life. If the gift is an appreciated stock, you typically eliminate capital gains taxes on a portion of it while spreading the rest over your life expectancy.
Charitable remainder trusts allow you or someone you name to receive income for up to 20 years from the time the trust is created. After 20 years or upon the designee’s passing, the balance in the trust goes to HEF. These provide a partial charitable income tax deduction, the potential for increased income, avoidance of upfront capital gains taxes, and can be professional managed.
To learn more, contact: Merrell Dickey