Gifts That Provide Income
A life income plan, using either a Charitable Gift Annuity or Charitable Remainder Trust, allows the donor to make a gift to an affiliated fund of the Nebraska Community Foundation and receive fixed or variable income payments for life and for the lifetime of a surviving beneficiary. Income payments may begin immediately or may be deferred to a future date. Additional benefits of a life income plan include increasing current income of the donor, avoiding capital gains taxes due on appreciated property, receiving an immediate charitable income tax deduction and removing property from an estate.
Gift of Life Insurance to Benefit Imperial and NCF
Doug and Judy Gaswick
Doug and his wife, Judy, made a generous commitment to both the Imperial Community Foundation Fund and the Nebraska Community Foundation. Their gift comes in the form of a life insurance policy – $200,000 to ICFF and $50,000 to NCF – that will benefit both organizations in the future. Doug and Judy make tax-deductible contributions to fund the premiums on the policy, and the policy is owned by NCF for the benefit of ICFF and the NCF Endowment.
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