Charitable Gift Annuities
A Charitable Gift Annuity is a simple contract that provides a fixed payment to you for the rest your life in exchange for a gift to Philhaven. The payment rate is somewhat dependent upon your age. In most cases, a portion of the income you receive is tax-free. Older donors can find this to be a very attractive option to consider because it provides a high level of current income to the donor. If you prefer to delay income for a period of time, you may choose a Deferred Charitable Gift Annuity. Deferring income in this way enables you to have higher annuity payments. Email the Development Office to request a personalized financial model showing benefits.
Charitable Remainder Trusts
A trust that provides income back to you or other beneficiaries for a period of years or for your/their lifetime is a Charitable Remainder Trust. The balance remaining in the trust after the income beneficiaries have passed away is distributed to the charity(ies) of your choice. These trusts are often funded with real estate or appreciated stock. The income payments may be either fixed or variable depending upon your wishes.
The information shared on the Ways to Give portion of this website is not offered as legal or tax advice. Please consult your legal or financial professional.