Gifts That Pay You Income
Did you know there's a gift to the Newberry Library that returns payments to you? Yes, the IRS allows and encourages these creative plans that can stretch your giving ability. Here’s how they work:
Some of the best ways to support the Newberry Library are available through life-income gifts. These "Gifts That Pay You Income" help you make a substantial gift to the Newberry while increasing your income.
The plans described here all have one substantial advantage over investment vehicles you read about elsewhere: they produce generous gifts to the Newberry Library. So, while you will receive income for life or a set period of time, you can provide for yourself and the Newberry today.
- An additional source of lifetime income for you, your spouse, or other significant persons.
- A potential increase in the income you are currently receiving from your investments.
- An immediate tax deduction for a portion of your gift.
- No capital gains tax due at the transfer of appreciated assets to your gift plan.
Which life-income gift best fits your needs?
Charitable Remainder Annuity Trust
You want the flexibility to invest and manage your gift plan, and also the security of stable income. Learn more about a Charitable Remainder Annuity Trust.