THE CHARITABLE GIFT ANNUITY
An information source for those wishing to support charitable causes
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BROTHER ,CAN YOU SPARE A DIME?
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Less than 10% of the assets in this country are in the form of cash . Yet this asset is the source of gifting in most peoples minds. Sometimes gifts are made of stocks, and occasionally a gift of real estate, but people typically only consider what cash they can spare. Yet, it is possible to turn any valuable asset (fine art, antiques, etc.) into a lifetime income stream using a gift annuity - and still receive a tax credit.
What does planned giving do?
* It allows people to maximize their assets for the family.
* It allows donors to continue their support long after their demise.
* It allows people to provide lasting support for the work they believe in.
* It allows charities to garner resources that otherwise would be lost to taxation.
Think of it this way: If you can elect to leave money to the IRS or to your family or favorite charity, which would you choose?
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