Lifetime Income Programs - Charitable Gift Annuities, et. al.

In recent radio reports on WSB, Mike Kavanagh reported on programs where people donated appreciated property to avoid capital gains tax and then receive a monthly income from the charity. These life income plans go by many names, including the charitable gift annuity. Read more at the links below to become familiar with these devices. As usual, financial planners suggest you talk to an estate lawyer and a CPA before you make a decision on these vehicles. Also, you should be charitably inclined. Check with the main office of the charity of your choice and ask to speak to someone in planned giving to get details on their life income programs.

Life Income Programs offered by Children's Healthcare of Atlanta
Salvation Army Life Income Plans
University of Notre Dame Life Income Programs
American Council on Gift Annuities
American Heart Association Life Income Programs

As you can see with this brief list, these programs are common and benefit both the donor and the charity or school receiving the donation. Go to the planned giving section of your favorite chartiy and get information for you!