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.
Using IRA Distributions to Fund a Gift of Life Insurance
Richard and Darlene Walter
Richard and Darlene Walter utilized a withdrawal from their IRA and the ownership of a life insurance policy to make a generous charitable gift to the Shickley Community Foundation.
“The use of a life insurance policy allows Richard and me to make a much larger future gift to our hometown,” said Darlene Walter.
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