Life Income Gifts JOIN HOW YOU CAN HELP

There are three main types of life income gifts. These are Charitable Gift Annuities, Deferred Charitable Gift Annuities, and Charitable Remainder Trusts.
 

The minimum annuity gift is $5,000 and you must be 60 years of age at the date of the agreement. Rates offered are based on your age at the time of the gift. Payments are made quarterly.

Gift Annuities generate an immediate charitable income tax deduction. Capital gains can be reduced dramatically and can be reported over a number of years so that those taxes are not due all at one time. In many cases, a portion of each payment is received tax free.   

Deferred Charitable Gift Annuity
A Deferred Charitable Gift Annuity is similar to a Charitable Gift Annuity, except that payments are deferred until a later date. Because income can be postponed, this is a popular vehicle for retirement planning or to save to pay for a child’s college education.

A Deferred Charitable Gift Annuity provides a guaranteed, fixed income for you and/or another beneficiary beginning at age 60 or older. The annuity assets are added to the New England Wild Flower Society’s endowment, which is now $8,500,00, and the program is backed by the total assets of the Society. There are no management fees or investment worries.

The minimum annuity gift is $5,000. Annuity payments are determined by your age at the time of the agreement and the at the time payments begin. The younger you are at the initiation of the agreement and the longer the payments are postponed, the larger the fixed rate of return is.

Even though you do not start receiving payments until a pre-selected date in the future, a portion of your gift is immediately deductible for federal income tax purposes on an itemized return. Capital gains can be reduced dramatically and can be reported over a number of years so that those taxes are not due all at one time. In many cases, a portion of each payment is received tax free.

Charitable Remainder Trusts
Charitable Remainder Trusts are flexible gift vehicles. They allow you to claim a charitable tax deduction in the year the gift is made, provide an income stream for yourself or someone else, remove assets from your taxable estate, and ultimately leave a significant gift to the Wild Flower Society. Trusts can be funded with gifts of appreciated securities, cash, or real estate.

For more information on any of these Legacy and Gift Planning options, you can call or write Dianne Butt, Director of Developmentr, at (508) 877-7630, ext. 3104, dbutt@newfs.org, or mail us the Gift and Legacy Planning form.

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