Gifts that Provide Income
You may make a gift to Lincoln Lutheran and receive direct financial benefits. The benefits include an income for life for you and/or your spouse and a charitable income tax deduction. Several options are available including the charitable gift annuity, charitable remainder trusts, pooled income fund, gift of a remainder trust and a charitable lead.
Through the use of these planned gifts, it can be possible to make gifts you may have never thought possible as a result of income, gift, and estate tax savings, tax-free asset growth, professional asset management and other financial and estate planning benefits.
Also, in challenging economic times, you may find that making significant gifts need not mean sacrificing your own or your loved ones’ financial security. In fact, Congress has provided a number of tax and other financial incentives so that giving in this way can result in meeting a number of goals including:
Goals and Benefits
- A lifetime stream of income for you, a spouse, or other loved ones in the future if needed
- Supplemental retirement income that is permanently set apart from other assets
- A charitable income tax deduction
- An opportunity to establish an endowed fund in the donor's name or the name of a loved one
- Possible avoidance of capital gains taxes on gifts of appreciated property
- A higher yield than from current investments
- Membership in The Lincoln Legacy Society
- A reduction in federal estate taxes
