Gift Planning Can Boost Your Income

What inspires you?   Is it a beautiful painting, a nostalgic photograph, a stroll on the beach … the night sky?  Surely, the scenery on the North Fork is inspiring with its unique vistas of sea and agriculture.  While the winter may be a quiet time of rest and reflection, it can also be a time to think about new experiences.  Experiences that will enrich your life and the lives of those you care about. 

When you plan for the future, your wellbeing is a large part of the equation. 

While some of us may fail to plan adequately, our inspirations and dreams depend on good health and prosperity.  These are the two variables that allow us to dream bigger and accomplish more.  

Perhaps you can accomplish more than you ever thought possible by planning to put your assets to work. If you are not receiving a satisfactory rate of return on your investments, a gift annuity can help you make the most of what you have, ensure a stable income stream, reduce tax liabilities and inspire you to give the gift of good health through a Charitable Gift Annuity.  

Charitable Gift Annuity:

• Provides Income and Generates a Tax Deduction
•   You transfer cash, securities or other property to an annuity for the benefit of a charity.
•   Beginning on a specified date, the annuity pays you fixed annuity payments for life.
•   The charity receives the balance of the principal when the donor/annuitant passes. 

Benefits

• You receive an immediate income tax deduction for a portion of your gift.
• You can postpone your annuity payments until you need them, such as when you reach retirement or when a grandchild begins his or her college education.
• The longer you defer your payments, the higher the effective rate you will receive.  In the meantime, the principal grows tax-free.
• You can have the satisfaction of making a significant gift that benefits you and ensures the good health of your community. 

The minimum contribution to fund a charitable gift annuity is $10,000.
 

For more information on charitable giving opportunities, call the ELIH Foundation Office, 631-477-5164.