One of the most appealing aspects of creating a future gift for Androscoggin Home Care & Hospice is that this type of support is not a one-way proposition. There are many options available that provide both a significant gift to Androscoggin Home Care & Hospice and generate annual income for you or your designated beneficiaries.
How do these life income gifts work? First, you irrevocably make a contribution of cash or an appreciated asset to Androscoggin Home Care & Hospice. We then sell and reinvest the asset, providing annual income to you and/or a beneficiary for life or a term of years. At the end of the term or the death of the last beneficiary, the remaining value of your gift is transferred to Androscoggin Home Care & Hospice and used for the purposes you have designated.
What are the Benefits?
- Ability to make a larger gift than is often possible through outright giving, at a reduced cost to you the donor.
- Annual income payments.
- Significant tax savings including the ability to bypass capital gains on appreciated assets and removal of assets from your taxable estate.
- Potential to help shape the future of a particular program important to you at Androscoggin Home Care & Hospice.
- Unlock appreciated assets and increase your investment yield.
- Professional investment management at no charge.
- Membership in the Legacy Society, a select group of donors who have opted to make an investment in the future of home care and hospice for our community.
Details
There are a variety of life income plans to choose from including charitable gift annuities, remainder trusts, and our pooled life income fund. Determining the right vehicle for you depends on a number of factors such as your age, income needs, financial and estate planning objectives, and the type of asset you would like to use to fund your gift.
Below are highlights of the most common life income arrangements. Click on the link to learn more about each type of gift.
Charitable Gift Annuities
Charitable Remainder Trusts