Gifts That Provide Income
If you're looking for gifts that provide you with payments for life, we have two great options for you below.
|Charitable Gift Annuities
A charitable gift annuity (CGA) is a contract between a donor and a qualified charity in which the donor makes a gift to the charity and, in exchange the charity provides the donor (or other annuitant(s)) with a lifetime fixed income stream.
In return for a transfer of cash, marketable securities or other assets, the qualified charity, such as Grand View University, agrees to pay a fixed amount of money (payment) to one or two individuals (beneficiaries or annuitants), for their lifetime. The donor may be an annuitant, or other individual. The maximum number of annuitants is two, and the income payments can be made concurrently or consecutively.
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|Charitable Remainder Trusts
A charitable remainder trust (CRT) is a "split interest" giving vehicle that allows you to make contributions to the trust and be eligible for a partial tax deduction, based on the CRT’s assets that will pass to charitable beneficiaries.
You can name yourself or someone else to receive a potential income stream for a term of years, no more than 20, or for the life of one or more non-charitable beneficiaries, and then name one or more charities to receive the remainder of the donated assets.
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Vice President for Advancement