Types of Life Income Plans

Charitable Lead Trusts

Charitable lead trusts allow you to transfer assets to a trust, then gift the income to a charity of your choice. Eventually the assets are distributed to your beneficiaries. Properly set up, this type of planned and deferred gift may help you redirect income to charity and avoid estate taxes in the future.

Charitable Remainder Trusts

Charitable remainder trusts are a versatile vehicle that provides a life income plan. Your assets are placed in a trust that will provide your beneficiaries with income for life or for a fixed term. The remainder is then transferred to The Dayton Foundation to establish a fund according to your wishes.

Income arrangements for charitable remainder trusts are very flexible. They can be set up with a fixed payout or with a variable payout. Plus, you receive an immediate income tax deduction for the trust’s charitable portion.

Click here for a scenario illustrating the benefits of creating a charitable remainder trust.

Pooled Income Funds

A pooled income fund is like a mutual fund. Gifts to it entitle you to a share of the fund’s annual income. This varies from year to year depending upon market conditions. They also offer higher tax deductions, because they preserve most of your gift for its eventual charitable purpose.

Charitable Gift Annuities

Charitable gift annuities provide guaranteed income for life. That income is paid to you every year regardless of market conditions. A portion of each annuity gift is set aside and used to create a charitable fund following your death.

Charitable gift annuities provide slightly lower tax deductions than other income plans. However, they usually deliver better income than bonds and other money market instruments.

Click here for a scenario illustrating the benefits of creating a charitable gift annuity.

Acrobat PDF fileMore information about charitable gift annuities is available in our brochures, Charitable Gift Annuities: A Life Income Plan and a Lasting Charitable Gift.

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File date: 12.19.19


Joe Baldasare

“Did you know a deferred charitable gift annuity could be used to offset your taxable income today, then provide funds for your favorite charities after your lifetime? Contact me for more about this and other planned giving options.”
Joe Baldasare, Chief Development Officer, (937) 222-9954

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