Life income gifts make it possible to give cash or property to Wheaton College and, at the same time, receive a substantial income from the property during your life.
A life income gift may help maintain or even increase your current income from the property you contribute. You can create a lifetime income stream for yourself, your family, or your relatives through the use of a charitable remainder trust or charitable gift annuity. It is even possible to create an income stream for Wheaton College through a charitable lead trust, without having to donate the underlying asset.
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A gift annuity is established when you make a gift to Wheaton College and in return, the college agrees to make annual, fixed dollar payments for the lifetime of the person(s) you designate to receive the payments.
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The charitable remainder trust enables you to receive income for life and avoid potential capital gains taxes, and provides you with a current charitable income tax deduction.