HospiceCare Estate Planning Income Producing Gifts

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INCOME PRODUCING GIFTS

Charitable Gift Annuity

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It's a concept most of us have heard since childhood- that it is in the act of giving that we ultimately receive more than we can imagine. And while it is an undeniable truism, the Charitable Gift Annuity adds a tangible exclamation mark to this reality! The tangible nature is due to some very real benefits that are written into our tax code… benefits designed to encourage philanthropy and reward those who take it seriously.

Through the CGA it is possible for you to make a gift to charity, increase your current income, and actually reduce taxes today and in the future.

The Charitable Gift Annuity is a legal contract that, based on your decision to transfer a specific asset to this organization, guarantees to pay you an attractive annual income. Annuity rates are based on your age, with annuity payments as high as 11.3% for more senior persons. So, if you fund a CGA with an asset that currently produces, say 3%, you'll enjoy a nice increase in income!

Charitable Remainder Trust

When you add up all the benefits associated with the Charitable Remainder Trust, it's no wonder so many choose this planning tool to insure that assets provide maximum impact- today and in the future.

When used as a planning tool in conjunction with highly appreciated, low yield assets, the Charitable Remainder Trust can result in:

A 100% bypass of capital gains tax

A charitable income tax deduction

An increase in current income

A reduction in estate taxes

Long term benefit for family and charity

Charitable Remainder Unitrusts provide income to the donor and/or those specified by the donor, based on a percentage of fair market value of the Trust, as adjusted annually for the life of the Trust. Thus, the amount of payments to the donor and designated beneficiaries will fluctuate as the value of the Trust Fluctuates. Charitable Remainder Annuity Trusts provide a fixed income based on a percentage established at the time the Trust is originated. Thus, the income to the donor and/or beneficiaries is fixed throughout the term of the trust, so long as the principle of the Trust will support such payments.

In both cases, the remaining principle of the Trust will pass to the Charity upon the death of the donor and/or income beneficiaries. If you're holding appreciated stocks or securities, a CRT can add up to some real benefits for you and HospiceCare of Southeast Florida, Inc. For complete confidential information, contact Paul Keefe, Planned Giving officer at 954-HOSPICE (467-7423) or email pkeefe@hospicecareflorida.org.