Many Christians assume that a gift to charity will mean that they and their families can no longer benefit from the cash or property given. That is definitely not the case when you select a lifetime income agreement—a win-win arrangement for you and your favorite ministries.
This giving arrangement provides you with a tax benefit now and income benefits for life while supporting the Christian ministries that are important to you. Yes, you can make a gift and receive an income for life!
How do lifetime income agreements work? With a lifetime income agreement, you make a charitable gift of cash or other assets, such as property or stock, and receive an immediate tax deduction while having an income for life, with the remainder going to your favorite Christian causes.
Benefits of a lifetime income agreement
- An income to you for your lifetime
- Immediate income tax deduction for the charitable value of the gift
- The remainder, which passes to your selected charity at your death, is not subject to estate tax If funded with appreciated assets, you avoid the immediate realization of capital gain