Whether you're planning for retirement, managing appreciated assets, or looking for a tax-efficient way to give, life income gifts can help you achieve your financial goals while ensuring that trusted journalism and educational programming continue for generations.
Life income gifts can help you:
- Receive dependable lifetime income
- Reduce or avoid certain taxes
- Convert appreciated assets into income
- Support the future of Cascade PBS
- Leave a lasting legacy for your community
Charitable Gift Annuities
A charitable gift annuity allows you to make a meaningful gift to Cascade PBS while receiving fixed payments for life. It offers financial security, attractive tax benefits, and the satisfaction of supporting independent journalism and educational programming for future generations.
Benefits
✔ Guaranteed income for life
✔ Fixed payments that never fluctuate
✔ Potential charitable income tax deduction
✔ Potential capital gains tax savings
✔ Support trusted journalism and public media
Qualified Charitable Distributions (QCD) and Gift Annuities
If you are age 70½ or older, you may be eligible to use a one-time Qualified Charitable Distribution (QCD) from your IRA to establish a charitable gift annuity under current federal law, subject to IRS limitations and eligibility requirements. This can provide lifetime income while helping satisfy charitable giving goals.
Charitable Remainder Trusts
A charitable remainder trust (CRT) can be an excellent option if you own highly appreciated investments, business interests, or real estate and would like to generate income while reducing taxes.
How a CRT Works
- Transfer appreciated assets into an irrevocable trust.
- The trustee sells the assets without immediate capital gains tax.
- The trust provides income to you (or other beneficiaries) for life or a specified number of years.
- You may qualify for an immediate charitable income tax deduction.
- At the conclusion of the trust, the remaining assets support Cascade PBS.
Benefits
✔ Convert appreciated assets into income
✔ Potentially avoid immediate capital gains tax
✔ Receive a charitable income tax deduction
✔ Flexible income options
✔ Create a lasting charitable legacy
Questions?
For more information on life income gifts contact Austin Kellogg, Estate Gift Planning Director at austin.kellogg@cascadepbs.org.
The information provided is for educational purposes only and is not intended as legal, tax, or financial advice. Please consult your attorney, tax advisor, or financial planner.