Gifts That Pay You Income

You can further the work of the Center while earning an income from your gift.

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 and the community you’re part of benefit.

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

Charitable Gift Annuities

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 to you include:

Payments can be made as you prefer on an annual, quarterly or monthly basis

A portion of the payout will be tax-free.

You receive an immediate tax receipt for a portion of your gift.

Your gift passes to LA LGBT Center outside of the estate process.

You create your legacy of equality for LGBT people.

Charitable Remainder Trusts

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.

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.

Benefits to you include:

You receive income for life for you or your heirs.

You receive a charitable income tax credit for the charitable portion of the trust.

You create your legacy of equality for LGBT people.

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