Charitable Annuity Gifts

Charitable Gift Annuities

There's a way for you to support LSS and feel confident that you have dependable income in your retirement years. You can do this with a charitable gift annuity. 

With a charitable gift annuity, you agree to make a gift through the LSS Foundation, Inc. and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life. The balance is used to support LSS.

This type of donation can provide you with regular payments for life and allow LSS to further our mission. You can also qualify for a variety of tax benefits depending on how you fund your gift.

If you fund your gift annuity with cash or appreciated property, you qualify for a federal income tax deduction if you itemize. In addition, you can minimize capital gains taxes when you fund your gift with appreciated property.

And now, you can fund your gift using your IRA assets. If you are 70½ and older, you can make a one-time election of up to $50,000 to fund a gift annuity. While your gift does not qualify for an income tax deduction, it does escape income tax liability on the transfer and count toward all or part of your required minimum distributions.

Minimum gift amount: $10,000

Charitable Remainder Trust

If you have built a sizable estate and are looking for ways to receive reliable payments, consider a charitable remainder trust. This type of trust provides you or other named individuals income each year for life, or a predetermined period, from assets you give to the trust you create. After the term of the CRT ends, your gift supports the LSS Foundation.

Typically, there are two types of charitable remainder trusts:

The annuity trust pays you, each year, the same dollar amount you choose at the start. Your payments stay the same, regardless of fluctuations in trust investments.

The unitrust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. The amount of your payments is redetermined annually. If the value of the trust increases, so do your payments. If the value decreases, however, so will your payments.

Establishing a trust often requires minimum amount, typically $100,000 or more.

Please discuss with your advisors (financial, tax, legal) the opportunities afforded to your personal situation and how this option may benefit you and your beneficiaries.