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.
Siberts’ Challenge Grant Creates Endowment in Red Cloud
Frank and Shirley Sibert
An attitude of gratitude prompted Frank and Shirley Sibert, former longtime residents of Valentine, in north-central Nebraska, to give a $100,000 gift of appreciated securities to the Red Cloud Community Foundation Fund, an affiliated fund of the Nebraska Community Foundation and their hometown, in South Central Nebraska.
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