How do I establish a life income gift?
Family obligations and the need to provide for retirement, coupled with the high cost of living, make it difficult for many people to consider substantial charitable gift now. But there is a way to have the satisfaction of making a meaningful lifetime gift without sacrifice. In fact, you can get current income tax and financial benefits. It is called a life income gift. You irrevocably transfer some assets to Citizens Utility Board now, and in return, you (and a survivor, if you wish) receive income life. As a result, the assets are used to carry out our mission.
By making a life income gift to Citizens Utility Board, you will receive the following benefits, in addition to the pleasure of knowing the good work your gift will do.
What are examples of life income plans?
We make no claims regarding the accuracy of the above information or the tax consequences stemming from your use of it. Please consult with your own tax, legal, or financial planning advisor.