Legacy Giving:
Life Income Gifts
A life income gift, as its name implies, allows donors to receive payments and tax benefits during their lifetime – and to make a significant gift to the SLSO. This type of gift, like many smart planned gifts, provides a charitable income tax deduction and may reduce capital gains tax and estate tax. Life income gifts include the following vehicles:
Charitable Gift Annuities
- Deferred-payment gift annuities
Charitable remainder trusts
- Charitable remainder unitrusts
- Charitable remainder annuity trusts
