Transfer property such as cash, securities, or real estate to the Foundation or other trustee to establish a life income arrangement. You designate a beneficiary, such as yourself and/or your spouse to receive income payments for life. The amount of your monthly payments will be determined by the size of your gift and the age of the designated beneficiaries. Payment rates may be as high as 12%.
After the lifetimes of the beneficiaries, the Foundation receives the assets in the trust.
Life income trusts provide many benefits:
- Getting an income tax charitable deduction
- Avoiding capital gains
- Reducing estate taxes
- Freedom from investment worries
- Income for life
There are many trust arrangements that we can assist you to establish, depending upon your personal circumstances.
If you have already included a gift to the Foundation or your Church in your estate plans, or if you would like information about Legacy gifts, please contact foundation@spokanediocese.org or call 509.624.3191.