Sometimes you would like to make a charitable gift but you need an income. Fortunately there are solutions that meet both goals.
A donation to create an annuity provides a fixed income for life. Many donate assets that produce no income or have a low cost basis to create an annuity that pays an income to the donor and/or a loved one.
Place resources into a tax-favored trust that pays income to living individuals and donates the remainder to charity.
Questions? For more information contact Kent C. Weimer, director of trusts, estates and gift planning, at kent.weimer@phhs.org or 214-266-2036.