Life Income Gifts

If you are considering a major gift, your gift of cash or stock in the form of a “Life Income Gift” can significantly increase your income!

A life income gift allows you to transfer assets, and yet continue to receive income from the cash, stock, or other property contributed.  A life income gift can allow you to:

1)      Increase your income for life

2)      Receive a generous charitable contribution in 2013

3)      If you contribute stock, avoid any capital gains on the appreciation

A life income gift is often made through a trust arrangement called a “unitrust” or an “annuity trust”.  With a unitrust, you and/ or your spouse (or another beneficiary) receives annually a fixed percentage of the fair market value of the assets in the trust.   The income will vary year-to year, based upon how the trust’s investments perform.  With an annuity trust, you and/ or your spouse (or another beneficiary) receives a fixed amount from the trust each year.  This amount is agreed upon when you create the trust; it stays constant, no matter what happens with the stock market or interest rates.

If you have already considered OLT in your will, please note that a life income gift can often be preferable.  Such a gift allows you to accomplish your philanthropic goals during your lifetime – and in a tax-advantaged way.

Orient Land Trust is a nonprofit land trust
dedicated to the preservation of Valley View Hot Springs (VVHS) and its viewshed—
including natural and biologic resources, agricultural lands, wildlife habitat,
open space, and historic and geologic features of the northern San Luis Valley—
for the education and enjoyment of current and future generations.