Life Income Gifts |
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You may make a gift of cash, securities and/or real estate to the Raritan Bay Healthcare Foundation and receive income from those assets for as long as you live. You may include your spouse or another beneficiary in the gift contract so they will continue to receive the income if you predecease them or at your death or the death of the last beneficiary.
The most commonly used forms of a life income gift include a Charitable Gift Annuity, a Charitable Remainder Trust, a Charitable Remainder Annuity Trust, and a Charitable Remainder Unitrust. Each has its own advantages depending on your personal considerations such as the type and amount of assets which you wish to use, the income which you hope to receive and what you wish to do for your beneficiaries.
