Life income gifts offer substantial tax advantages, while providing income to a donor and loved ones.
(a) provide lifetime income to the donor or another person;
(b) generate a present income tax deduction;
(c) increase the value of an asset while reducing tax liabilities; and
(d) create a generous gift to the Foundation.
Charitable Trusts provide a fixed or variable rate of return to the donor for a specified period of time (Charitable Remainder Trusts); or offer the Foundation income for a designated period of time (Charitable Lead Trusts). Both offer significant tax benefits for the donor and family.
Charitable Gift Annuities provide a fixed income for the life of the donor, spouse or other loved one. Both a gift and an investment, it allows the donor to make an irrevocable gift for which a tax deduction is made. The Foundation invests the gift and provides the donor and up to one other person guaranteed fixed income for life.
Pooled Income Trusts are common trust funds which are established and maintained by the Foundation. Donors to the fund retain an income interest in the fund for their lifetimes. Payouts to income beneficiaries are determined by the interest and dividends earned by the fund each year. Since the funds are pooled the rates of return tend to be more favorable.
Policies listing Kimball Medial Center as the owner and beneficiary are greatly appreciated. Life insurance policies offer substantial contributions to the Foundation and present tax advantages in estate planning.
