Gifts That Pay You Income
Did you know there's a gift to The ALS Association Greater New York Chapter that returns payments to you? Yes, the IRS allows and encourages these creative plans that can stretch your giving ability. Here's how they work:
Some of the best ways to support The ALS Association Greater New York Chapter are available through life-income gifts. These "Gifts That Pay You Income" help you make a substantial gift to The ALS Association Greater New York Chapter while increasing your income!
The plans described here all have one substantial advantage over investment vehicles you read about elsewhere: these plans produce generous gifts to The ALS Association Greater New York Chapter. Won't it be great to provide for yourself and the people we serve?
The Benefits
- An additional source of lifetime income for you, your spouse or other significant persons.
- A potential increase in the income you are currently receiving from your investments.
- An immediate tax deduction for a portion of your gift.
- No capital gains tax due at the transfer of appreciated assets to your gift plan.
Charitable Gift Annuity
- You transfer cash or securities to The ALS Association Greater New York Chapter. Our suggested minimum gift requirement is $10,000
- The ALS Association Greater New York Chapter pays you, or one other beneficiary you name, fixed income for life.
- Beneficiaries are recommended to be at least 60 at the time of the gift.
- The remaining balance passes to The ALS Association Greater New York Chapter when the contract ends.
Benefits
- Receive dependable, fixed income for life in return for your gift.
- In many cases, increase the yield you are currently receiving from stocks, CDs or savings accounts.
- Receive an immediate income tax deduction for a portion of your gift.
- A portion of your annuity payment will be tax-free.
- Are you a younger donor? Consider a deferred gift annuity. (Click to deferred gift annuity section)
Deferred Gift Annuity
- You transfer cash or securities to The ALS Association Greater New York Chapter. Our suggested minimum gift requirement is $10,000.
- Beginning on a specified date in the future, The ALS Association Greater New York Chapter begins to pay you, or up to two annuitants you name, fixed annuity payments for life.
- Beneficiaries are recommended to be at least 60 to begin receiving payments.
- The remaining balance passes to The ALS Association Greater New York Chapter when the contract ends. Benefits.
- Deferral of payments permits a higher annuity rate and generates a larger charitable deduction.
- You can target your annuity payments to begin when you need them, such as retirement or when a grandchild needs help with tuition payments
- The longer you defer payments, the higher the effective rate of return you will receive.
Charitable Remainder Unitrust
- You transfer cash, securities or other appreciated property into a trust.
- The trust pays a percentage of the value of its principal, which is valued annually, to you or beneficiaries you name.
- When the trust terminates, the remainder passes to The ALS Association Greater New York Chapter to be used as you have directed.
Benefits
- Receive income for life or a term of years in return for your gift.
- Receive an immediate income tax deduction for a portion of your contribution.
- Pay no upfront capital gains tax on appreciated assets you donate.
- You can make additional gifts to the trust as your circumstances allow for additional income and tax benefits.
Charitable Remainder Annuity Trust
- You transfer cash, securities or other appreciated property into a trust.
- The trust makes fixed annual payments to you or to beneficiaries you name.
- When the trust terminates, the remainder passes to The ALS Association Greater New York Chapter to be used as you have directed.
Benefits
- Receive income for life or a term of years in return for your gift.
- Receive an immediate income tax deduction for a portion of your contribution.
- Pay no upfront capital gains tax on appreciated assets you donate.
- Your trust can meet personal or family needs that are tied to a specific timeframe, such as tuition payments.
The material presented on this Planned Giving website is not offered as legal or tax advice.