Q: What kinds of gifts can I give in exchange for life income payments?
A. Surprisingly, there a variety gifts you can give in exchange for payments for life – everything from cash, publicly traded appreciated stock, real estate that has grown in value, farm machinery that is paid for and depreciated, and commodities such as grains, fruits or even livestock.
Q. I’ve heard there are ways I can give to ministry and receive income for life. Is that true?
A. Yes! Through a life income gift, such as a charitable gift annuity or a charitable remainder trust, you can support the important work of your church or favorite ministry AND receive payments for life.
A. If you have stock that you’ve owned for at least a year and it has increased in value, this is much more cost effective than giving cash. You’ll receive a tax deduction for the fair market value and avoid paying capital gains.
Q. Why should I consider leaving a gift in my will?
A. Your will (or trust) is your final act of stewardship and care. Through it, you can take care of your loved ones, model a legacy of generosity and ensure your favorite ministries continue to make a difference well beyond your lifetime.