Life Income Gift Plans

A Life Income Gift Plan allows you to make a substantial gift to the Peabody Home Foundation while still providing for your personal financial needs. Life income gift plans provide a stream of income for life for one or more beneficiaries, with an ultimate gift to Peabody. These plans offer significant tax benefits and may also increase the cash flow to the donor and/or the beneficiary.

Charitable Gift Annuities - For a life income gift plan, the charitable gift annuity is the simplest and most popular tool currently available. In exchange for a transfer of cash, marketable securities, or in some instances, real state, Peabody guarantees a fixed annuity payment to you and / or another beneficiary for the rest of your life(s). A portion of the guaranteed payments is tax-free and a charitable deduction is available for the gift value of the property transferred.

Charitable Remainder Trusts - CRTs, as they are known, are popular for donors needing financial and estate planning flexibility. The CRT is similar to other types of trusts, except that Peabody can receive the remainder interest of the trust. A trust created during life takes advantage of income, capital gains, and estate-tax savings. A trust that becomes effective at the end of a donor's life is especially useful for accepting life insurance proceeds or retirement fund assets. You will need to consult your attorney to draft and establish a trust.