Gifts that Pay You Income

You shouldn’t have to choose between supporting the Center and achieving financial security. These types of gifts allow you to receive income for life and, at the same time, care for, champion, and celebrate LGBT people for years to come. You benefit and so does the community you’re part of.

If you’re considering this kind of gift, we recommend that you consult with your financial advisor.

You can transfer money to a charitable gift annuity and receive income for life. In addition, interest rates on charitable gift annuities are usually more attractive than those on certificates of deposit (CDs) and other bank rates.

Benefits include:

  • Attractive rates of return
  • Payments are made monthly
  • Depending on your age, all or a portion of the income will be tax-free
  • Immediate tax receipt for a portion of your gift
  • The residual portion of the gift can be designated according to your wishes
  • Your gift passes to the Center outside of the estate process

To talk with us about creating a better world for future generations of LGBT people, please contact Frank Stasio, Senior Director of Planned Giving, at 323-993-7690 or fstasio@lalgbtcenter.org.

As with all gift planning, you should consult with your tax advisor and lawyer to determine what planned gift strategy is best for your current tax situation and income requirements. Consulting estate-planning professionals will help ensure that your wishes to make a lasting impact will be fulfilled.

You can generate income for yourself or your loved one(s) while building a better world for LGBT people – one person at a time. A charitable remainder trust (CRT) will help build your financial security while putting our shared mission at the center of your life story.

Benefits include:

  • Being highly flexible and customizable to your needs and goals
  • Generating income while making an important future gift for the Center
  • Increasing income from the assets you donate
  • Qualifying for an immediate income tax deduction
  • Allowing you to diversify your portfolio
  • Avoiding any capital gains tax on the assets used to fund the trust
  • Receiving professional asset management
  • Reducing possible estate taxation

There are two ways to receive payments with charitable remainder trusts:

  • The annuity trust pays you, each year, the same dollar amount you choose at the start. Your payments stay the same, regardless of fluctuations in trust investments.
  • The unitrust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. The amount of your payments is re-determined annually. If the value of the trust increases, so do your payments. If the value decreases, however, so will your payments.

To talk with us about creating a better world for future generations of LGBT people, please contact Frank Stasio, Senior Director of Planned Giving, at 323-993-7690 or fstasio@lalgbtcenter.org.

As with all gift planning, you should consult with your tax advisor and lawyer to determine what planned gift strategy is best for your current tax situation and income requirements. Consulting estate-planning professionals will help ensure that your wishes to make a lasting impact will be fulfilled.